Those who borrowed in the 1970s to pay for a house were fortunate. Within about 5 years the repayments on the loan would became a relatively small portion of their income. That and free tertiary education were the chief benefits bestowed on the baby boomer generation in Australia.
I can not work out if we are heading into a deflationary period or an inflationary period. Perhaps it will just be a long period during which there will be bouts of both as governments fight to keep the sinking ship afloat. That would make for a very difficult sharemarket for both traders and long term investors.
loki (goldbug)
- Forums
- ASX - General
- dr oliver's 5 point plan debt crisis solution
dr oliver's 5 point plan debt crisis solution, page-9
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online