Thursday 13 September 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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Ed R said...

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.

Sackerson said...

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.