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Home Front: Economy
Canny Brits cashing in on weakened dollar
2004-12-14
Bulldog & Peter, (and JFM) - Pool your money, guys and come to Florida! And then we can Welcome You Home!
Gotta make a stop in DC too...
Thousands of Britons are cashing in on the weakness of the dollar by snapping up a host of cheap goods in the United States. Property agents in Florida say that the dollar's price is now so low that houses are devaluing by the day and the market cannot meet the increased demand from Britain. Analysts say that American diamonds, cars, clothes, electrical goods and DVD's are all excellent value for Britons this Christmas and consumers are making the most of the favourable exchange rate. With the dollar expected to hit two for the pound in the New Year, many people in Britain have decided to sell up in traditional holiday hotspots like Spain and France and buy in the US.
Posted by:anonymous2U

#10  wouldn't traveling to Scotland or Wales have been more convenient?

We encourage a certain type of malcontent to relocate to the far side of the channel - the body hair slows them down in the water if they try to return.
Posted by: Joe B   2004-12-14 5:41:49 PM  

#9  Steve, wouldn't traveling to Scotland or Wales have been more convenient?
Posted by: lex   2004-12-14 5:25:20 PM  

#8  Lock up your daughters the Englishmen cometh
Most of the English women I met in Germany were there because the men in Britian were English.
Posted by: Steve   2004-12-14 3:57:20 PM  

#7  Yoo hoo, Mark Espinola! Have I got a trading strategy for you! Buy Florida REITS and short the euro.
Posted by: lex   2004-12-14 3:34:42 PM  

#6  I have a small piece of fine Florida swampland real estate for sale (just watch out for the alligators).

Serious investors only.
Posted by: john   2004-12-14 3:25:19 PM  

#5  Small overseas investors buying Florida property sight unseen? Methinks the dollar has hit bottom. Time to buy dollars.
Posted by: lex   2004-12-14 1:35:54 PM  

#4  Best chance for Britons to reestablish the Empire :)
Posted by: Elder of Zion   2004-12-14 9:22:05 AM  

#3  Lol, Howard. (saw Blues Brothers just last weekend; love that scene;-)
Posted by: Spot   2004-12-14 9:18:25 AM  

#2  Before leaving check the murder rate in Miami. However, remember, you're in America. Guns are cheap and you can personally remove anyone in your home or hotel room who has no business being there. Self defense is never denied [Does not apply in the State of New York].
Posted by: Don   2004-12-14 8:52:12 AM  

#1  Lock up your daughters the Englishmen cometh.. How much for the little girl? How much for the women? I want to buy your women. The little girl, your daughters... sell them to me. Sell me your children.
Posted by: Howard UK   2004-12-14 4:31:03 AM  

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