Thursday, September 13, 2012

Europe is paralyzed by personal debt


Inspect data here.

INVESTMENT DISCLOSURE: Mostly in cash (and index-linked National Savings Certificates), but now planning to build up some reserves of physical gold via regular saving.

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2 comments:

  1. Ed R18 September 2012 at 02:40

    Of the top six listed countries five are net exporters. Interest rates are lower in net exporting countries, so the cost of carrying debts is reduced.

    ReplyDelete
  2. Sackerson18 September 2012 at 06:23

    Thanks for your comment, Ed. Though personal debt is still a brake on ability to spend, and if interest rates rise it could be much worse.

    ReplyDelete

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