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The Great Debt Economy

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http://www.iva.co.uk/

Well worth a visit - especially the TV channel.

The UK' personal debt crisis is slowly, but ever more quickly thanks to recent and future IR increases, revealing the unsustainability of Gordon Brown's HPI/MEW 'miracle economy'.

One of the golden rules in a market economy is that prices are set at the margin, by people who simply MUST sell.

Total IVA/Bankruptcies will probaby exceed 150,000 in 2007. How many reposessed houses/flats will that release on the market?

And don't forget the amateur BTL'ers who are now bailing out as they can afford to subsidise their 'investment' now longer, even if they are in it for 'the long term'.

With the forthcoming introduction of super IVA's and DRO (debt relief order), things can only get better for the GDE (Great Debt - be writing off -Economy ......).

With HPI/MEW/IOM/IVA/DRO/HPC there'll soon have enough abbreviations for a nice little rapping tune to dowload onto GB's Ipod :lol:

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