I'm back! Full disclosure: I have been back for a while but I've been a little delinquent having been preoccupied with the Olympics. Seriously it is the best two weeks of television, agree? Amazing, inspiring, exciting, emotional..what is there not to like? Incidentally I don't think I'm alone as markets globally have been humming along smoothly.
Well, I have to be honest (without sounding flippant) France felt just fine. Admittedly, I am a Francophile. Moreover, I was in some pretty high profile vacation destinations so of course the mood felt upbeat. That said, I did encounter plenty of pissed-off French who are vowing to leave should Hollande's plans to tax the rich materialize.
Where are they headed? I'd imagine foreigner-friendly/ low tax destinations will be their first destination. Probably explains why property prices in cities like New York, London, Singapore, Hong Kong, Monaco have remained resilient despite a tricky economic climate. As a HK property owner I hope it lasts and frankly I'd be delighted with a new neighbor to help me with my French. Au Revoir!
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