tag:blogger.com,1999:blog-2948538160252327076.post635789415170363028..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Come back MEW, the UK economy needs you.Alice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2948538160252327076.post-81646007408324676812011-01-03T18:29:11.266+00:002011-01-03T18:29:11.266+00:00I thnk that the british economy lies heavyly in th...I thnk that the british economy lies heavyly in the service indurstry,eg banking, and othe forms of trade which are coming to a stand still leaving her stranded and poor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-73335237756251481462010-12-30T15:01:29.486+00:002010-12-30T15:01:29.486+00:00We repaid ours because the interest rate on the lo...We repaid ours because the interest rate on the loans was 6 times the rate paid on our deposits with no end in sight. We are glad. It doesn't take long for all that interest you have been giving to your lender to pile up in the joint account. I might say that despite it probably being financially not very efficient, it is a great feeling to be free of debt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-47471809435746697962010-12-30T12:45:27.820+00:002010-12-30T12:45:27.820+00:00In olden days you were prevented (by law I think?)...In olden days you were prevented (by law I think?) from doing equity withdrawal. We once applied to increase the loan to pay for an extension and all sorts of questions were asked, this was in the early 80s BTW.<br /><br />But on topic, if we have had a economy growing by virtue of loans on an asset that has doubtful value then of course it will all end in tears.IanGhttps://www.blogger.com/profile/16758794214952546325noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-30118309345703192412010-12-30T05:23:38.060+00:002010-12-30T05:23:38.060+00:00I thought you would praise paying off mortgage deb...I thought you would praise paying off mortgage debt for 10 straight quarters rather than calling it dismal. You seem to have very mixed messages - normally a negative take on everything, even if that means contradicting another negative post.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-74021515724920207562010-12-30T03:27:30.597+00:002010-12-30T03:27:30.597+00:00Do you have a link? StevenDo you have a link? StevenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-75847412312635657482010-12-30T02:27:50.251+00:002010-12-30T02:27:50.251+00:00Look at the UK's population pyramid on the US ...Look at the UK's population pyramid on the US Census Bureau, then compare it to Japan mid 1990's.<br /><br />Old folk don't borrow money, Brits just really want to get the deeds out of the bank vault before they hit 60.Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.com