Doom

[gingerjedi]

It's been the best recession ever for those who had tracker mortgages just before this blew up. Their houses must be almost paid for by now, thanks to savers and renters. They must be revelling at the thought of another bailout. It hasn't been bad for bankers either.

It would have been if the job market didn't dry up at exactly the same time.

I would have been happier if RBS and Nationwide went bust.

[TimberWolf]

It would have been if the job market didn't dry up at exactly the same time.

I would have been happier if RBS and Nationwide went bust.

Me too. Followed by a deep crash and dep/recession, rather this dragging it out over generations malarky. We should have been first in and first out.

[Platypus]

That's the only one I can think of. Maybe the yanks will be forced to sell some of their reserve to raise funds instead of cutting trillions, once people start rioting like in Greece.

It's well known that the Yanks have no gold left:
Russia Says IMF Chief Jailed For Discovering All US Gold Is Gone | EUTimes.net

[AlfredJPruffock]

What is the likely scenario for the UK for the next 5 years

Five Years- thats All we;ve got
News Guy wept and told us - Earth was really dieing
Cired so much his fac was wet
Then I knew he was not lieing

[scooterscot]

It's been the best recession ever for those who had tracker mortgages just before this blew up. Their houses must be almost paid for by now, thanks to savers and renters. They must be revelling at the thought of another bailout. It hasn't been bad for bankers either.

Me rental house has a 0.49% above base, rent more than double of mortgage.

The nice part is if I need to borrow money back I take it from the mortgage savings account, effective interest on loan being 0.949% opposed credit card nonsense at 18%.

The mortgage lender cannot be making any money on me. I almost feel sorry for them. Naaa