[Premium-Rx] Things must be really bad when...

[Michael O'Beirne]

Hi guys

In response to Walter's comments (below),

>> Wow, I never thought I'd see a Ten Tex RX-340 go unsold on eBay with a 
>> starting bid of $2000.  Absolutely no interest, and the vendor has a 100% 
>> rating.  Are things that bad south of the 49th?
>>
I am sure the answer is a loud "yes".

Here in England with land property deals running at 20% of the figure a
couple of years back, and the corporate mergers and acquisitions market
nearly dead, a lot of professionals are feeling the economic crunch badly.

Numerous real estate agents and property lawyers have gone out of business.

A few months back one of the largest and best known firms of international
corporate lawyers in the City, Linklaters, made 79 partners redundant.  Not
assistant solicitors or tea ladies but partners.

Then there are the numerous victims of a certain gentleman who is facing 150
years in jail, not to mention house repossessions shooting up and unhelpful
bank lending.

If you have loads of cash and can afford to wait for a good investment
return, now is the time to be buying up.  But where is the cash?


73s
Michael
G8MOB