Debt Debt Debt

ILW

julieq wrote: »

One of the interesting things about risk analysis is that people are more worried about high impact/low probability events (plane crashes) than low impact/high probability events (car crashes) which can be equally dangerous on an individual basis. And part of that is because high impact events tend to be reported more, so they're held to happen more frequently than they do.

So it is with debt. Debt is massively overreported, by pressure groups, by news organisations and by TV programmes showing reckless overspending as entertainment. And in between the programmes there are adverts for payday loans and so on. That doesn't mean that everyone in the country is in serious debt, and in fact I don't know many people who are in a situation I'd even describe as worrying. Many people have some degree of debt, most deal with it. We get shown (and in fact demand to see) extreme situations because it makes us feel good about ourselves.

Honestly, people should learn critical thinking and how to baseline statistics to get to factual information. If you run on the basis that the world is going to hell on a handcart on the basis there are particular kinds of adverts on TV then you're hardly likely to notice that things are gradually getting better and you'll miss the opportunities that brings.

Would you say Greece is just suffering a minor hiccup?

julieq

ILW wrote: »

Would you say Greece is just suffering a minor hiccup?

Well how does paying down mortgage debt in the UK affect that?

You're basically using the Chewbacca defence here.

Exocet

There is a lot of debt around. Whoever we owe all this money to must be filthy rich. They ought to lend us some.

DervProf

RenovationMan wrote: »

Jeeze DervProf, you really don't understand humour do you? You're so desperate to have a rumble with me that you're not even reading these hreads, you're just searching my posts and making inane comments, totally embarrasing yourself.

Here is that comment I have had to post on your other two (?) attempts to start an argument with me. It saves time that I don't want to waste on the likes of you, you're third tier Derv.:

Again, you display a lack of insight.

As you now admit, I am not geneer (even though you were once accusing me of being so).

Having been "proved" wrong in that particular accusation, why do you continue to set yourself up for being proved so wrong ?

Here's one for starters......

"It saves time that I don't want to waste on the likes of you, you're third tier Derv."

There is plenty of evidence to show that you do "waste time" on me.

I suggest that you seek urgent medical attention for that bullet hole in your foot.

Happy New Year.

PS. I suspect that your post was typed with the aid of Dutch courage. If not, please brush up on the spelling, old boy.