Thursday, Feb 01, 2007
This is a beautiful quote....
Guardian: Flu and consumer debt: FSA outlines main risks to the City
"Ms Carlson admitted the regulator had been "rather surprised" by the rise in bankruptcies and individual voluntary arrangements given low interest rates.
"Even at low interest rates people are struggling," said Lyndon Nelson, head of risk at the FSA."
And interest rates are heading in which direction?
Posted by inbreda @ 10:28 AM (139 views) Add Comment
3 Comments
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1. Orwell said...
Goinnnnnnng up ......
2. Nohpc said...
rates are unlikely to go up much more so I wouldn't worry too much.
3. C'mon Correction said...
You're wrong again NoHPC. Rates have rising over 50% whilst u thought they won't go up.
They will hit 6% and beyond over the next few years. No doubt at all.
Up, up and away....