Drop In Retail Sales Hits Hopes Of Economic Recovery

[v23nb]

I'm not sure about that, why wouldn't you borrow money in this environment, let's say you need to borrow the best part of £200k just to buy a simple family home. Do you ever really have any expectation that you will pay down the debt? I doubt it, more likely you think that things can't go wrong if you do the same as everyone else. And they might be right.

OMG!!! Have we learnt nothing out of all this carnage? Over the last 10 years we have seen friends with credit cards just sustaining minimum payments, buying cars where you make payments but never pay them off (just arrange your next car a year or so later) and mortgages with no expectation of clearing the loan regardless of term. Until people start to see that the difference between pre mid-90's and post mid-90's was the attitude to clearing the responsibility of personal debt then there is no hope for these fools. The only way to save the country is to cut them adrift and let them sink before they take the sensible with them.

The problem with common sense is that it's not very common.