jon Report post Posted February 13, 2006 Apologies if already posted ... Business Telegraph comment Quote Share this post Link to post Share on other sites
OLDFTB Report post Posted February 13, 2006 For the first time, even if Britons devoted every penny they generate this year to mortgage and credit card bills, they would not be debt-free come next January. News that household debt has overtaken GDP will not trigger economic disaster. But the only way out of this situation is either sluggish consumer activity for a number of years or a house price crash. Blimey,they mentioned the dreaded "C" word! And how about both happening as in: sluggish consumer activity and a HPC? Quote Share this post Link to post Share on other sites
Smell the Fear Report post Posted February 13, 2006 And how about both happening as in: sluggish consumer activity and a HPC? That's just doom-mongering. Be happy with one or the other. Quote Share this post Link to post Share on other sites
29929BlackTuesday Report post Posted February 13, 2006 Apologies if already posted ... Business Telegraph comment Good reminder. By the way - superb avatar! Is that you? Hanggliding is ace. I used to do it. Quote Share this post Link to post Share on other sites
libitina Report post Posted February 13, 2006 sluggish consumer activity and a HPC? Local shopping centre was quite busy today (half term here) but no queues in any of the shops I went into. Local Beatties department store, less than 2 years old looks as though it might be winding down............. BTW all I bought was black hair gel for sprog, £3. (dyes your hands if you're not careful! -*hides hands* ) Quote Share this post Link to post Share on other sites
CrashConnoisseur Report post Posted February 13, 2006 And how about both happening as in: sluggish consumer activity and a HPC? Can one have one woithout the other? As this House Price Correction gathers momentum consumer activity will shrivel up like a slug in a pile of salt. Quote Share this post Link to post Share on other sites
