Sunday, July 1, 2007

Bye bye mythical soft landing

There's no painless cure for the debt hangover

The party was never going to last forever. The era of cheap debt that has fuelled the recent boom in takeovers and sent house prices in Britain soaring had to end sometime, and there are signs the time might be nearer than many think.

Posted by cheeky charlie @ 07:15 PM (324 views)
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