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ECB cuts eurozone interest rates to new record low of 0.50%
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grizzly1911 wrote: »Not all Brits subscribe to living on debt.
Benefited from the increase of debt though on the back of HPI . Also enjoyed a standard of living that the the next generation will pay now for.0 -
Thrugelmir wrote: »Benefited from the increase of debt though on the back of HPI . Also enjoyed a standard of living that the the next generation will pay now for.
Indirectly they may have benefited. I doubt that many would have had a different approach even if they had received a reduced income due to less money swilling round the economy.
Many would prefer to not incur debt(s) of any size other than perhaps a mortgage. They would have managed their way through life regardless, of the HPI driven growth effect and still been in a stronger position than their cohort."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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