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Sour Mash

Consumer Loans At -1% Now Available In Germany....

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Who's Perfect is a German furniture company. The deal is actually a 0% loan with a 1% rebate on the purchase price. This is no different from the interest-free loans that DFS was offering even before the low interest rate era, and a 1% discount looks derisory, I'm sure DFS could do you a much better deal than this :-D

You can stop hyperventilating now :-)

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This version of the 2007/8 crash is based on unsustainable consumer credit (loans, cars, furniture etc.) Many people don't realise that their house will be repossessed due to their unsecured loans and life of excess the government encouraged them to live.

Very similar to unsustainable property loans, but with a twist.

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Who's Perfect is a German furniture company. The deal is actually a 0% loan with a 1% rebate on the purchase price. This is no different from the interest-free loans that DFS was offering even before the low interest rate era, and a 1% discount looks derisory, I'm sure DFS could do you a much better deal than this :-D

You can stop hyperventilating now :-)

True, it's not a general loan (so you can't use it to go out and buy real assets) but rather telling that this retailer is now offering negative rate finance to sell their products rather than simply discounting directly. You actually get what you are buying cheaper if you opt to borrow money to buy it instead of paying cash straight up - it suggests to me that demand has dropped right off (i.e the consumers are skint) and they are having to use finance to sell the stuff at all.

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Why borrow.....when you can save, it'll be the same price next year..........when growing numbers of the population have less disposable income to spend, incomes leveling out with the rest of the world, prices will have to level to what the vast majority of people can afford to pay........the very wealthy only make up a small proportion of the population, they could not make up the spending power required, In fact very many do not spend that much into the economy, more likely to hoard it in some hidden place somewhere, where they will not be taking it with them. ;)

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