Sunday, Jul 16, 2006

Britain's dedt timebomb and the end of cheap money.

Sunday Telegraph: The interesting dilemma of debt

"Britain is a society awash with debt. Yet without strong consumer borrowing the economy would have come close to recession. So is consumer debt a threat or our salvation? The rapid growth of credit over recent years may be a good thing but riskless it ain't."

Posted by Waiting Patiently @ 10:10 AM (570 views)
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