UK: Warmest Summer on Record

[HenryTo]

UK: Warmest Summer on Record

http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/01/01/uweather.xml

Quote: "And in Europe, some ski resorts found that record temperatures meant it was too warm even for artificial snow machines to work."

Two things: Less foreign tourists going to skiing trips in Europe will put a little bit of pressure on the Euro. But more importantly, some of these skiing resorts may represent very good investments if/when the owners become convinced that warm temperatures are here to stay. The next stage is to set up a MarketThoughts Skiing Resort Private Equity Fund.