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Debate House Prices
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UK Retail Sales up massively
Comments
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Or possibly that less debt is being written off?0
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Or possibly that less debt is being written off?
As I said, it depends how you want to percieve it.
Clearly there are people who want to percieve it as good. And there are people who want to percieve it as not so good.
I don't see it as good. You do. It's good for today sure, but not for the future. Theres no right or wrong, however, I do think the entire situation needs looking at. Not just spending today = "good" without looking at how the spending is occuring.
It's always been the elephant in the room for some. It will stay that way for many!0 -
Graham_Devon wrote: »As I said, it depends how you want to percieve it.
Clearly there are people who want to percieve it as good. And there are people who want to percieve it as not so good.
I don't see it as good. You do. It's good for today sure, but not for the future. Theres no right or wrong, however, I do think the entire situation needs looking at. Not just spending today = "good" without looking at how the spending is occuring.
It's always been the elephant in the room for some. It will stay that way for many!
I see it neither good nor bad as I only look after my own personal debt.
What is certainly good is the economy going in the right way as that will in the future mean more debt is repaid overall than defaulted on.0 -
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Graham_Devon wrote: »People spend today. But what they spend today, they can't spend tommorow, unless they can secure more debt.
Or more income.0 -
PrivatisetheNHSnow wrote: »economies can only grow by debt getting bigger and bigger to pay off old debt. did you know that?
Well debt will always increase more with inflation and population growth.
It is not hardly surprising personal debt is higher than 10, 20, 30 years ago TBH.0 -
If debt is rising is that not also a sign of it becoming more available and in slightly higher demand?
Just a thought but if debt was falling when in recession and rising coming out it is it not a sign that things have actually got slightly better?
I would not say personal debt rising is a bad economic sign as people must be spending.
When it falls it means people are paying it off= bad for economy as less is being spent.
Looking at the level of debt is a red herring.
It is ability to service that debt which is important.
With NI's & other such taxes increasing year on year, is everyone sure that the levels of debt repayments are sustainable.
I would vouch that many people I see are not able to sustain their debt repayments. Indeed the governments own report on indebtedness shows that this situation has got worse in the last 5 years.
Most of those 5 years have been so-called "good times". As we are undoubtedly approaching times where credit is likely to cost more, & disposable income is likely to fall, I'd argue it is realistic to have concerns regarding the unsustainability of this debt.
Read more here http://forums.moneysavingexpert.com/showthread.html?t=2361453
(Personally, personal debt has been unsustainable for way over 10 years, but that is my opinion only).It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
PrivatisetheNHSnow wrote: »economies can only grow by debt getting bigger and bigger to pay off old debt. did you know that?
And that is the fraud that lies at the heart of our debt-based money system and the root of all our problems.
The money doesn't exist until someone borrows it.
They then have to find "real" money to pay the interest on the fictitious money.
And where does this "real" money come from?
That's borrowed as well.
Having to borrow counterfeit money into existance to use as a means of exchange is nothing but legalised robbery and totally unnecessary."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
I see it neither good nor bad as I only look after my own personal debt.
What is certainly good is the economy going in the right way as that will in the future mean more debt is repaid overall than defaulted on.
Ok, I will give you this to ponder on.
What is the right way?
If it's more debt, on top of already massive debt amounts cripping people (see lemonjellys thread) then we will end up back in late 2007. There is no way out of this. People carry their debt to the future. Only massive wage inflation would sort out debt issues we currently have.0 -
the only way that system will change is total, total collapse - it's in the interest of the non-productive/parasite economy (the government and banks) to keep things that way
repossessing a real house through a failure to pay fictitious money is the biggest fraud mankind has ever seen0
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