I noticed something very interesting in London this week. A very large amount of the houses in upmarket residential areas clearly don’t have anyone living there permanently. This was evident from the amount of parking space available on the streets and the fact that the houses were clearly empty, nor did the residential streets have the amount of normal day-to-day activity you would expect.
One can’t but help make the observation that the world's wealthy are buying property there just so they have a place in London and perhaps a place to escape to if revolution and social upheaval comes knocking on the door. This isn't new news of course. It has been widely reported. The thing now is that it is so clearly visible.
Due to my London excursion I have not had the time to blog or tweet that much this week. However I do have a treat in store for you tomorrow.
Spanish Debt Crisis
As a guest blogger I have for you tomorrow an article written by Angie Picardo. Angie is a writer for the hugely successful NerdWallet website, which has been featured in the NY Times, Reuters, and Wall Street Journal, amongst others.
I am thankful for the offer from such a respected authority from the blogosphere. I consider this as confirmation of the quality and readability of the content of this blog.
The continuing growth in offers of guest blog posts is most welcome. The reason for these offers is clear: The increase in the number of readers, Twitter followers and comments on this site. This is of course solely due to you the readers. You make the Banker’s Umbrella the success it has become in such a short time.
The fact that this blog is read by everybody from top industry names, journalists and the general public, shows that there has been a demand for a blog where finance and banking is something that can be debated by anyone who is interested in the subject regardless of their experience.
So please pop in tomorrow to read Angie’s post titled: Spanish Debt Crisis. (As a warm up, you can get a flavour of the type of emotional reactions that the debt crisis debate can stir up in people by reading the comments part of this post)