I don’t doubt there is a downturn but I really do beieve it is encouraged by the media – e.g. house prices dropped 2% the other day which yes is significant but put against a 51% rise over the last 5 years is actually a natural thing for the economy to do as it does need to rebalance itself.
I think when the papers are reporting on a daily basis doom and gloom people start worrying and stop spending or buying houses, etc. and this naturally has a knock on effect which can only be negative.
I know this is very basic but I have seen the papers almost trying to force a recession through over the past 18 months next door to their editorial on teenage pregnancy, knife crime and immigration but hey I am going off subject :wink-wink
back on the Euro – Geeez – That is killing me!!! Amsterdam was more expensive than London! WTF