The Greek situation will probably be diluted and diluted and rediluted further over the coming years , untill sods law they will be better of than we are... Spain and France just refinance and soldier on ...
Football clubs always in debt do the same.. They just refinance themselfs...
The fact that a record 1.2 million uk workers are part time .. Reflect the annoucement that more and more workers are underemployed, and this years university intake being the lowest for many years...
How does increasing bank lending stop shops closing ... Money will not stop thise deserting the shops and joining the growing Internet sales and buying society... High streets Losing 200 - 500 million sales a year to the Internet ... In the uk alone....
Basic logic as like water pressure if too many turn on water taps for the amount of water flow less comes out of your tap... Some have to cut off to increase the flow to the remaining taps....
Likewise less going in shops some have to fail to get more going into the remaining shops open...giving shops more bank loans ... no good ... you cannot buy customers and still increase profit..... When the customer base is reducing... Slowly .. Slowly each year.
Woolworths gone, pound opening many store, comet nearly gone, thomas Cooke still in major trouble... And probably more to come.... Annuities producing less ... Pensions...
These highlighted issues ... If they get worse year on year for the next 5 years... If customer spending power drops 10 - 20% over those 5 years it will hurt many....
IMHO.... Have a good weekend....
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