symo Posted June 30, 2008 Share Posted June 30, 2008 I am completely dazed right now -- I just CANNOT believe people didn't see all this coming........................ It is my experience to stand out of a crowd requires a sense of self-worth and a spine for the abuse that will surely follow. Then later on those who do stand tend to be regarded as precogniscent or genius, when in fact all they are is well read and capable of forming their own opinions. Quote Link to comment Share on other sites More sharing options...
Queen of Spades Posted June 30, 2008 Share Posted June 30, 2008 I remember when it was considered shameful to be massively in debt.And I am only 34. How quickly things change. I still think it is shameful in fact it is immoral to be massively in debt. How can you value anything by buying now and paying later. Quote Link to comment Share on other sites More sharing options...
time 2 raise interest rates Posted June 30, 2008 Share Posted June 30, 2008 British household debt is the highest in world history, and the best bit is all those with huge debts are getting screwed on two fronts as we've currently got the wrong kind of inflation to ease their woes and debts. When you've got soaring CPI and RPI inflation without wage inflation, it acts in the same respects as having higher interest rates. What they need is a bit of wage inflation to ease their pain. Oh hang on a minute. That will only lead to higher interest rates. They're trapped like a rabbit in the headlights. Quote Link to comment Share on other sites More sharing options...
beans on toast Posted June 30, 2008 Share Posted June 30, 2008 Gordons economic miracle was effectively a debt fuelled spending binge caused by homepwners MEW'ing like theres no tomorrow. Its amazing that the chancellor did not see it, many did like Vince Cable who tried to warn Gordon Brown about the excessive levels of debt, but Gordon was too busy stabbing Tony Blair in the back to care for the economy. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted July 1, 2008 Share Posted July 1, 2008 Gordons economic miracle was effectively a debt fuelled spending binge caused by homepwners MEW'ing like theres no tomorrow.Its amazing that the chancellor did not see it, many did like Vince Cable who tried to warn Gordon Brown about the excessive levels of debt, but Gordon was too busy stabbing Tony Blair in the back to care for the economy. The whole UK economy and our lives in the hands of this moron........... Jeezzz................ Quote Link to comment Share on other sites More sharing options...
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