From my limited understanding of the figures, articles, we have
high level of employment
low unemployment or low claims
lowest interest rates since the 1950s
low savings
high borrowing
there a plenty more
but oddly none of them stack against each other in stopping a crash. If
people are employed, borrowing heavily, not saving and the economy is doing well
then surely we are more at risk of a crash, as there's no room to manouver.
I lose my job or my salary doesn't increase, house drops in value
, my borrowing increases, my saving levels drop, RPI, CPI increases too fast,
interest rates increase slighlty.
What i mean is it no longer requires lots of bad things, just a rise in interest rates is enough, i'm already employed, borrowed a lot and not saving so where is my safety line. Or i lose my job, I have repayments and no savings, cant borrow.
just one or two out of 30 factors is enough? (sorry if my points not clear or
been made before)