What shape will this recession be in the end?

purch

But the economy will be something like

WWWWWWWWWWWWWWWWWWWWWWWWWWWWWW

I think that is the problem.

sabretoothtigger

wolvoman wrote: »

So credit is a bd thing full stop?

Credit is great when the investment outperforms the cost of the loan, most relevant to business I guess but personally it would be between buying a suit for a job interview and buying a bottle of vodka that gives you the hangover and loses you the job, thats bad investment.
Or rbs paying triple the real value of a company, that was bad borrowing and it only enabled them to lose more - they outbid Barclays
If rates had been kept 10% for the last 10 years I wonder if we would have been worse off then now or generally with alot less debt



When is Q2 figures out, next week?