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The inference from that graph I guess is the two samples are moving in tandem, just on their diff multiples.
Thanks Stefan. 100% of GDP in Household debt sounds a bit hard to control if the wheels fall off.
10% HHD/GDP would be hard to manage if the wheels fell off, what's your point?
Would you like to rephrase that so I can resist my urge to respond in kind?
Sign of the times: Chinese upper classes preparing their little nests in Western countries in droves. This is happening in my own extended family as we speak.
oh
my
god
do you know how timely this little clip is?
HHD = household debt.
Sign of the times: Chinese upper classes preparing their little nests in Western countries in droves. This is happening in my own extended family as we speak.
Exactly what the Spanish, Italians and Greeks are doing - those that can afford to - buying up a bolt hole in the UK and transferring funds out of the country.
It's not normally the middle class that does this. It certainly wasn't in Argentina way back or the USA recently. In both cases the middle class copped a hiding.
The UK ? They might be attracted by the collapse of the Pound against the Euro but seems like out of the frying pan into the fire. The UK has the 3rd worst debt position in Europe behind Ireland and Greece.Exactly what the Spanish, Italians and Greeks are doing - those that can afford to - buying up a bolt hole in the UK and transferring funds out of the country.
??
Your development being gobbled up by rich Chinese?
Would you like to rephrase that so I can resist my urge to respond in kind?
It's not normally the middle class that does this. It certainly wasn't in Argentina way back or the USA recently. In both cases the middle class copped a hiding.
The middle class is not "smart money" and they hold their own currency long after the sophisticated have moved their assets o/s. SS posters would consider themselves smarter than the average bear but very few have any strategy for the time when things go pear shaped.
If people are buying here they are "connected".
now how is that possible?
2 different countries, 2 different populations, 2 different banking systems - following a similar borrowing profile.....
much structure?
so as a genuine question - where should I move my unsophisticated money