The Continuing Slide

Posted on January 16, 2008
Filed Under Symbolism, Journal |

I’m not one to pay much attention to the news; however a few things of interest have jumped out at me recently. House prices in Ireland have dropped by 5%, whilst in the UK house prices are in the worst state for seven years. In the US things aren’t much better.

The average media outlet are still avoiding the words ‘market crash’, as they roll out expert after expert in an attempt to stifle fears. But the truth can’t be hidden for much longer. Round here the demand for state sponsored housing has gone through the roof. It’s kept quiet - and many people still believe the government hands out house after house. The truth is that the waiting lists for just one community is in the multiple of thousands. Many people are living up to seven people in a two bedroom, you won’t read that in the news - though the information is readily apparent if you speak to community workers. That alone reminds me of conditions in the 40’s and 50’s; yes we are a long way off from that yet, but the signs are all there.

Meanwhile I noticed that gold has it over £450 - that’s $900 per ounce!! $1000 really isn’t that far away now. Silver is still selling relatively cheaply, and I would recommend stocking up on some if you have spare cash. In the last 18 months alone - you would have seen around a 50% return.

On the environmental side of things - here in the UK the floods seem to keep on coming.

So all round the same old themes we have been seeing for the last few years. Only think missing is the ’surprise discovery’ news, or not; remains of 1 ton rodent discovered.