jord wrote:
London is one of the most expensive cities in the world.
Yea, but the price of a cheeseburger across the entire country is the same, chief ...
Sir Schmoopy wrote:
We pay to have the privilege of the most awesome currency.
EDIT: Yeah, land in London is really expensive compared to many other cities. It's like it's just one big CBD.
I was watching a real estate show on the BBC where they help families find houses - it's not just London. For such small houses you can pay an easy 250k GBP.
Bell wrote:
Pricing currencies against others doesnt give you a proper view of what is going on, there are fluctuations on both sides that are caused by various reasons meaning, a loss on one isnt nescesarily a gain with another (kind of like two guys falling out a plane and one opens his shoot, hes not getting higher, just falling slower).
Price it against gold and silver, or, atleast something that maintains it's value over a long period of time.
That said, I havent checked against precious metals etc so it may well be gaining in ''real'' terms. I would of thought some sort of economic news in europe would have caused it.
The economy in Europe has been slowing down over the past few months because of (IIRC) the turn down in the American economy. The whole international economy is slowing down.
