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Monday, 9 February 2015

Debts UP since the crash

See http://www.bbc.co.uk/news/business-31136707 .

Despite everything and plain common sense, the level of debt in the world has gone up since the crash and we risk yet another financial melt down. It seems to me that governments, companies and individuals all have to reduce their debts and live within their means. This means pain and some hardship. The trouble is it is possible to borrow money at very low cost at the moment. When this is no longer possible we'll all be in deep trouble.

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