See my post about a month agoInterest rates fall£ vs dollar drops to $1.50 ishSuddenly UK PLC can export as we still use £ but our exports are cheaper.Nobody notices their houses in $ value were 500'000 in July 07 and are now $250'000 because the british are pig thick.We all pat ourselves on the backsThe BRIC countries are suddenly not such a good idea.Then we start all over again.Wake up! Smell the roses!Its happened time and time again, its not new, if you attended a good economics school you would know this.
