Reply to: DOOMED: Jobs collapse in US

[DimPrawn]

Why???

Yes you might have had a blast for a couple of years, but in bankruptcy you'd then own nothing. As of now you are in a strong position to capitalise on the forthcoming crisis. Ca c'est vrai ne c'est pas?

Mange tout Rodders, mange tout.

[ChimpMaster]

Personally I wish I had chalked up mountains of debt and walked away from it all and vansihed into bankruptcy.

Why???

Yes you might have had a blast for a couple of years, but in bankruptcy you'd then own nothing. As of now you are in a strong position to capitalise on the forthcoming crisis. Ca c'est vrai ne c'est pas?

[AlfredJPruffock]

Does this mean that you grasped the opportunity to take on heaps of debt during these past years of excess?

Debt does matter to me - because I'm awaiting the time when it will be the ultimate cause of asset price deflation.

No I bought my house sans mortagage and dont owe anybody a red cent - save about 150 quid currently on a credit card which at any rate I pay off every month - I have do this otherwise I have no credit rating despite owning a property and having no debts.

Personally I wish I had chalked up mountains of debt and walked away from it all and vansihed into bankruptcy.

[DimPrawn]

Debt only matters for the little people. It gets them out to work, especially when we threaten to take their house away. It gets them focused, more productive and easier to control, thus increasing the surplus value of their labour to cream off.

You forget the

[ChimpMaster]

Economic pain is a necessary medicine in the current climate of excess.

Wow - they got you too then SG - whatever are you thinking ???

Ultimately debt does not matter - thats what many here dont seem to get - what we need are easier insolvency laws - its just a numbers game you know.

Does this mean that you grasped the opportunity to take on heaps of debt during these past years of excess?

Debt does matter to me - because I'm awaiting the time when it will be the ultimate cause of asset price deflation.

[NoddY]

Economic pain is a necessary medicine in the current climate of excess.

Wow - they got you too then SG - whatever are you thinking ???

Ultimately debt does not matter - thats what many here dont seem to get - what we need are easier insolvency laws - its just a numbers game you know.


In their life theres something lacking
What they needs a damn good whacking

Debt only matters for the little people. It gets them out to work, especially when we threaten to take their house away. It gets them focused, more productive and easier to control, thus increasing the surplus value of their labour to cream off.

[sasguru]

Yes, an Aygo is more stylish and pleasing on the eye.

Aye.

Actually yes it is.

[DimPrawn]

You have no taste, my friend.

Yes, an Aygo is more stylish and pleasing on the eye.

Aye.

[AlfredJPruffock]

Economic pain is a necessary medicine in the current climate of excess.

Wow - they got you too then SG - whatever are you thinking ???

Ultimately debt does not matter - thats what many here dont seem to get - what we need are easier insolvency laws - its just a numbers game you know.




Have you seen the Bigger Piggies
In their starch white shirts
And for all the Bigger Piggies
Life is getting Worse

Always have clean shirts
Just to play around with ...

In their life theres something lacking
What they needs a damn good whacking

[DimPrawn]

Wot he said, but spelled correctly...

What he said, but with the correct spelling.

[oracleslave]

I'll have that blokes Porsche Cayman he was going to rent for £4K a month.

I likes them Caymans.

Too late. Smart money says it was wrapped around a tree in the first week.

HTH.

[sasguru]

I'll have that blokes Porsche Cayman he was going to rent for £4K a month.

I likes them Caymans.

You have no taste, my friend.

[DimPrawn]

I'll have that blokes Porsche Cayman he was going to rent for £4K a month.

I likes them Caymans.

[ChimpMaster]

I think a doomed scenario is to be welcomed. Those who have not been wise will learn a lesson and those who have will reap the benefits ...Economic pain is a necessary medicine in the current climate of excess.

I'm thinking that too, but I'd still rather have a choice of work around than have to scrounge for it. Have been saving hard for a few years in preparation for the ensuing debacle. Hopefully will get to pick up a few more assets on the cheap in a couple of year's time.

[Pinto]

Here here.

Boomed!

Wot 'e said, but spelt correctly.