The left-field threat to Europe ...

[AtW]

60 years ago the Debt/GDP ratio was twice as high, there was rationing, many homes had outside loos, double glazing was rare.

I said before WW2 or better even before WW1 - the UK has gone far more downhill in the last 100 years than Greece (their hey days were like 2000 years ago), Portual and Spain (they went downhill after they burned Giordano Bruno).

[AtW]

Their existing debt is indeed getting cheaper. But their ability to service it is not improving. Now, how about that little think?

So in your view when it becomes harder to service same debt it somehow becomes cheaper?!?!

It's all relative - when you have to keep paying £500 per month to service debt it might be same amount on one hand but if you have to make cutbacks because you have less income and no longer go out as often then same debt is suddenly more expensive - higher %-tage of income goes to service it.

[sasguru]

I said before WW2 or better even before WW1 - the UK has gone far more downhill in the last 100 years than Greece (their hey days were like 2000 years ago), Portual and Spain (they went downhill after they burned Giordano Bruno).

100 years ago, there were large slums in all large British cities and apart from a small elite people had far lower prosperity, life expectancy, health care, housing conditions etc etc.

Now about that new MD?

HTH, BIKIW because your bonce is too thick.

[Old Greg]

So in your view when it becomes harder to service same debt it somehow becomes cheaper?!?!

It's all relative - when you have to keep paying £500 per month to service debt it might be same amount on one hand but if you have to make cutbacks because you have less income and no longer go out as often then same debt is suddenly more expensive - higher %-tage of income goes to service it.

Keep trying.

[AtW]

Keep trying.

You have not explained how the fook people who have less disposable income due to higher prices on food, fuel have cheaper debts (excluding mortgages linked to BoE rate in which case it really got cheaper to service).

[BigTime]

100 years ago, there were large slums in all large British cities and apart from a small elite people had far lower prosperity, life expectancy, health care, housing conditions etc etc.

Now everyone thinks it's owed to them and are about to slide down the other side of the hill. Probably you included judging by the lack of billable work you do.

[sasguru]

It's time to go home, but thanks for playing.
Reminds of that french film "Le Dinner de Con"

[AtW]

It's time to go home, but thanks for playing.
Reminds of that french film "Le Dinner de Con"

Going home at 15:45??!?!

Civil service no doubt.

[Old Greg]

You have not explained how the fook people who have less disposable income due to higher prices on food, fuel have cheaper debts (excluding mortgages linked to BoE rate in which case it really got cheaper to service).

Look. If tomorrow, the price of bread falls by 90% and your income falls by 90% (assuming it's not already zero) and everything else stay the same, has bread got cheaper?

[AtW]

Now everyone thinks it's owed to them and are about to slide down the other side of the hill. Probably you included judging by the lack of billable work you do.

sosguru will be fine - he'll just rent out his Wandsworth house for £20k per month and go on a super luxury holiday.