so debt, which includes possibly most small business owners in OZ....who are the biggest employers....is roughly 60%...with savings worth 40%....... whats the value of margin loans in those figures....
it the govt debt burden you should be worried about.... I heard on the radio this week... our govt has less than 32 billion left on their credit card...which will need to be refinanced soon...
its the govt that are spending billions like drunken sailors the citizens pulled their belts in a long time ago...
most of my friends are like me....we have less than 30% debt....and its good debt...on income producing assets....its written off for a tax deduction... the younger family members are not maxed to the hilt with debt either....majority are home owners, or in the process...
like our pm and her predecessor have over 50 personal staff on the payroll....Howard had just 5.... Combet took 46 staff to a meeting in africa this week... Rudd took 114 to hopenhagan.... sounds like the greece govnut problems to me...
no-one wants to work hard and be smart any more... they all want big money and quickly...then retire by 55 or earlier... China will not bail out the euro....it said why should they bailout..people who dont want to work, but expect to get paid anyway.... or words to that affect..... hello...Australia and its nanny states...ring any bells
is it just the HC community, or similar stock chat sites, that attracts the gamblers, get rich quick schemers who cannot see the other side of the picture....
