Debt

[MonkeyLove]

We really have got a World screwed on debt haven't we. And to be honest I am not even sure who is getting rich anymore, it doesn't appear to be any of the banks, investment companies or hedge funds.

But everything from countries, football clubs, to people's personal finances and most things in between seem to be getting slowed dragged down by debt and the compound interest it causes.

Countries in billions of debt and always creeping up, Man Utd losing the equivalent of 250k a day, people mortgaged and debted up to 7/8 times their annual earnings.

Everyone must take on some debt in life, i.e. a student loan to study, or to buy a house everyone needs a mortgage, but it has to be sensible and sustainable.

Surely this can't go on forever and we can't be far from the debt culture pack of cards collapsing?

[BigG]

Ive never been so rich.

One mans downfall, is another mans gain..........

[Roker Poker]

Smoke and mirrors........still the same amount of money in the world just some rich cunts getting even richer

[Lewberry pie]

Originally Posted by Roker Poker

Smoke and mirrors........still the same amount of money in the world just some rich cunts getting even richer

???

[HoffTTM]

Our own Ellis Short seems to be doing decently out of basically buying and selling debt

[John Steed]

Originally Posted by MonkeyLove

We really have got a World screwed on debt haven't we. And to be honest I am not even sure who is getting rich anymore, it doesn't appear to be any of the banks, investment companies or hedge funds.But everything from countries, football clubs, to people's personal finances and most things in between seem to be getting slowed dragged down by debt and the compound interest it causes.

Countries in billions of debt and always creeping up, Man Utd losing the equivalent of 250k a day, people mortgaged and debted up to 7/8 times their annual earnings.

Everyone must take on some debt in life, i.e. a student loan to study, or to buy a house everyone needs a mortgage, but it has to be sensible and sustainable.

Surely this can't go on forever and we can't be far from the debt culture pack of cards collapsing?

Caught on the news today that the rich are getting richer & the number of millionairs & billionairs is increasing. No doubt it will be off the back of the rest of us suckers.

[Harrys Again]

Originally Posted by MonkeyLove

We really have got a World screwed on debt haven't we. And to be honest I am not even sure who is getting rich anymore, it doesn't appear to be any of the banks, investment companies or hedge funds.

But everything from countries, football clubs, to people's personal finances and most things in between seem to be getting slowed dragged down by debt and the compound interest it causes.

Countries in billions of debt and always creeping up, Man Utd losing the equivalent of 250k a day, people mortgaged and debted up to 7/8 times their annual earnings.

Everyone must take on some debt in life, i.e. a student loan to study, or to buy a house everyone needs a mortgage, but it has to be sensible and sustainable.

Surely this can't go on forever and we can't be far from the debt culture pack of cards collapsing?

The super rich, private equity and hedge funds have been doing OK even since the financial crisis in general.