Overseas property news - Polls apart

Polls apart

I watched a truly terrible film last night...

Before you ask, no it wasn't the new James Bond- described in the Daily Mail as 'the worst Bond yet.'

No, it was something even more vacuous - the laughably titled 'Made of Honour.'

Now, hiring that out was a bit of a risk, especially as I had moved in with my boyfriend the day before and now have someone else to consider when filling the living room with American film drivel. 

It made me think- which I dont think was its intention judging by the script. The opening scene was two college students dressed up as Bill 'I did not have sexual relations with that woman' Clinton and Monica 'that navy dress' Lewinsky for a Halloween fancy dress party.

This was as close to politics as the film came-almost as close, in fact, as Legally Blonde 2- Red, White and Blonde,' - er, yes, I have seen that too.

So it got me thinking, like I said. The presidential election is tomorrow and McCain may soon be out of the race faster than one of his namesake microwave chips. I hope so.

The election, (is it just me or does the race seem longer than ever before?) now it is in its final throes, seems to have almost taken a back seat to the ongoing financial nightmare that has held the stars and stripes in its clasp these last few months. 

The global efforts to avert recession have been so dominating financial markets this week, with Australia, India, China and others cutting interest rates and Britain set to do the same, that we have almost lost interest in the McCain/Obama catfight.

At a time when homes are being repossessed faster than you can say 'good riddance George Bush,' Obama has just shelled out more than £1 million on a thirty minute television advert. He may be hot favourite to move into the White House but that tactic seems a bit extreme. 

Many Americans are hoping the election will improve the housing situation but, with the current financial backdrop, I think its unlikely to be an immediate market mover. 

Saying that, the promise of resolution after long months of campaigning led to positive gains in the sharemarket - it opened higher today after Wall St closed on Friday night with the biggest weekly gain since 1974. 

What the outcome of the election will definately bring is a degree of certainity- something which Americans have been desperate for and that should help to restore a degree of consumer confidence, which can't fail to help the market. 

In that vein, it doesn't matter who wins. (But vote Obama anyway).

So, to finish, back to the big screen, and, like Mulvaney says in my boyfriend's favourite film, 'Goodbye Pork Pie,' 'There's only one thing certain in life, and that's doubt. I think.'

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