European Tribune - Comments - LQD: It's Official: Denmark contracts Anglo Disease

LQD: It's Official: Denmark contracts Anglo Disease | 21 comments (21 topical, editorial, 0 hidden)

Re: LQD: It's Official: Denmark contracts Anglo Di (4.00 / 2)

Yes. It's a well-known fact that people buy stuff first and then force their bank or credit institution to give them a loan.

When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Apr 11th, 2008 at 06:55:53 AM EST
[ Parent ]

Re: LQD: It's Official: Denmark contracts Anglo Di (none / 0)

People first spend their savings, then start taking out loans.

The savings rate goes from positive to negative, and some time before the line is crossed credit applications start trending upwards.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Fri Apr 11th, 2008 at 07:40:41 AM EST
[ Parent ]

Re: LQD: It's Official: Denmark contracts Anglo Di (none / 1)

My heavy snarkery was meant to underline that it's not consumption that leads credit by the nose, but the other way round.

When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Apr 11th, 2008 at 08:06:18 AM EST
[ Parent ]

LQD: It's Official: Denmark contracts Anglo Disease | 21 comments (21 topical, 0 editorial, 0 hidden)

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