RE:RE:Inflation us dept ceiling..I've always found it funny that financial literacy talks about "good" and "bad" debt, as though any amount of interest is "good". Conditioning people into thinking that cheap debt is "good" may have helped financial institutiions boost their bottom line but all "good" things must come to an end.
Konaboy wrote: Not if, but when. Individuals are no better than governments at managing debt. Two points on a variable mortgage, and you will need to give up the twin bmw's, or lose the house. And if property values drop back and you are underwater, oh boy. [Nquote=jmaan]Thanks for the Post,was an interesting read, and like you Said, when the dam breaks watch out! Exactly! Very scary though if thing's go sour..
[/quote]