Friday, Dec 04, 2009
Oh dear!
Guardian: Green Shoots and Leaves winter pudding!
"The value of loans in breach of financial agreements doubled to £30bn in the first half of this year". Mmm, that's a lot of money. IN fact about half as much as Dubai world owes!
Posted by brickormortis @ 11:29 AM (727 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mark wadsworth said...
This was in all the papers. The numbers are quite staggering. While household/consumer debt (mainly mortgages) has doubled from £700 billion to £1,400 billion over the past decade, the amount of loans secured on commercial property has gonoe up from £50 billion to £250 billion. If ten per cent are in default on assets that have fallen 20% in value from peak ....
2. cynicalsoothsayer said...
BIG shake-out on its way.
3. greenshootsandleaves said...
Ah yes, my trademark recipe. Be warned, though: the ingredients can be hard to find.