GREY:SCSZF - Post by User
Comment by
idleSpeculatoron Aug 09, 2004 5:22am
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Post# 7789112
RE: Oil
RE: OilJase,
I have to agree with you, good old fashioned inflation is possibley the only solution to the excess borrowing, Robin hood economics, steel from the rich (well the savers) and give to the poor (the borrowers) by making savings and borrowings worth less. Helps keep money in the market too.
In the UK we seem to be heading up to 5.25% stop excessive borrowing driving up house prices, around 20% per annum now for several years! go figure, our mickey mouse little economy still doing okay. However if they overcook the interest rate rise, people have no spare disposable income, it will all come down like a pack of cards, very unstable.