Thursday, March 16, 2006 

Guardian: Survey eases fears of 'debt meltdown' Britain is not on the verge of a "debt meltdown" despite the fact that debt levels have trebled over the last 15 years, new research from Alliance & Leicester claims today. The report, dubbed the "borrowing thermometer", says interest rates would have to double from their present level of 4.5% to produce the same kinds of debt stress and negative equity as during the recession of the early 1990s.
posted by Johnny  @ 8:20 AM 14 comments


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