Subprime is back

[sadkingbilly]

Anyone who likes to "see it coming" and plan accordingly.

aye, right. let me know how that goes for you.

[DoctorStrangelove]

and so-called 'austerity' (just a fancy name for cuts).

And austerity only applies to the little people, the ones who pay the taxes.

Those who generate the crap situation go unpunished. Twas always thus.

[willendure]

Anyone who likes to "see it coming" and plan accordingly.

[Protagoras]

WGAFF??

Anyone generally interest in economics.

And anyone concerned about the impact of excessive debt on their personal finances and lifestyle once it works through the system.
Broadly, it translates to increased government borrowing, higher consumer interest rates, higher taxes, and so-called 'austerity' (just a fancy name for cuts).

[sadkingbilly]

WGAFF??

[Protagoras]

I think a concern also is the impact on lower and even middle income households - those with limited income, faced with job insecurity, increased cost of living and increased cost of debt.

I expect that we'll be seeing more charts like this over the next year.

[willendure]