RichM Posted July 30, 2005 Share Posted July 30, 2005 Need for growth outweighs debt worries Less crazed than Kaletsky, but still no sensible explanation of how much debt is too much Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted July 30, 2005 Share Posted July 30, 2005 Yes because the economy grows by borrowing http://www.statistics.gov.uk/cci/nugget.asp?id=479 UK Worth £5.8 trillion Increase of £404bn on previous year Sector net worth including financial assets in £billion Quote Link to comment Share on other sites More sharing options...
Haruki Murakami Posted July 30, 2005 Share Posted July 30, 2005 "Eric Daniels, who is set on expanding the Lloyds TSB business organically in the UK market, is now adopting the motto “better the borrower you know”. With a 21 per cent rise in impairment losses in the retail banking business, he is now concentrating the bulk of new personal lending on existing customers. Investors are likely to forgive him for achieving only modest top-line growth if he can avoid a further build-up of consumer bad debts later in the year. " I am getting the wiff of 'impending credit crunch'. Quote Link to comment Share on other sites More sharing options...
Dames Posted July 30, 2005 Share Posted July 30, 2005 Starting to tighten the screw then. Dames Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted July 30, 2005 Share Posted July 30, 2005 Yes it is all to do with growth & very little to do with inflation..... Quote Link to comment Share on other sites More sharing options...
oldmisery Posted July 30, 2005 Share Posted July 30, 2005 People must be waking up to the fact that they will have to pay the debt off as due to low inflation it does not diminish quickly Quote Link to comment Share on other sites More sharing options...
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