Monday, November 7, 2016

Yet more Debt

Warning as household debts spiral to £1.5 trillion

I wonder what will happen when the Foreign financiers (Germany ?) decide they want their money back. I would also like to see the distribution of this. In the past most pensioners were debt free. Now they might have a couple of BTL mortgages.

Posted by tenyearstogetmymoneyback @ 08:12 AM (4732 views)
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One thought on “Yet more Debt

  • 87% of this is secured debt (mortgages). The collateral is rock solid, its value underpinned by access to easy credit. Oh wait that’s somewhat circular…

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