The left-field threat to Europe ...

[Old Greg]

When food prices double in a space of a few years why should that somehow erode credit card debts or mortgages?

Debt is only eroded is there is more money - increased purchasing ability via higher salaries OR drop in currency so local assets become cheaper to foreigners who hold real currencies.

Inflation in UK right now just erodes living standards and makes debt even more expensive because people have to use "payday" companies that advertise 2100% APR on TVs.

No, what you are saying is that it makes new borrowing more expensive. Existing debt is cheaper in real terms. But as I said, if incomes do not keep up with it, that does not make the debt easier to service. However, while debts become no easier to service, everything else becomes more expensive to buy. So debt becomes cheaper than everything else, regardless of what your income is.

[sasguru]

Why do you keep posting then?

Fook orf.

HTH.

[AtW]

You want to see a country run into the ground? Go to to Greece, Portugal or Spain.

I think you need to compare country relatively where they were 50-60 years ago and where they are now.

I'd say this country gone down much further since it was so much higher up - all thanks to idiots like yourself who think the City is the way to make money from hot air.

[doodab]

my 2 year old shows more understanding of logical thought and intelligence than you.

I think you might be misinterpreting the fact he's following you around shouting "cretin" all the time.

[sasguru]

It erodes the value of the debt when measured in food. So sasguru is right as long as we make sandwiches the fundamental unit of value measurement.

The roll call of cretins is now nearly complete.

[sasguru]

I think you need to compare country relatively where they were 50-60 years ago and where they are now.

I'd say this country gone down much further since it was so much higher up - all thanks to idiots like yourself who think the City is the way to make money from hot air.

No stop! My ribs are hurting now.

You come out with that crap when its obvious that they have been sponging and living above their means for years.
Did Greece, Spain and Portugal suddenly develop a a powerful industrial economy over the last 50 years?



I think calling you a cretin is an insult to cretins.

[AtW]

So debt becomes cheaper than everything else, regardless of what your income is.

Yes that must explain explosion in pay day companies like Wonga offering "Representative APR 4214%"

[DimPrawn]

No stop! My ribs are hurting now.

Keep going Atw, we might bring on a stroke or a heart attack.

[AtW]

No stop! My ribs are hurting now.

Don't move too much or those 2 marbles in your head can collide and break

[d000hg]

The left-field threat to Europe ...