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European Salon de News, Discussion et Klatsch - 27 October | 174 comments (174 topical, editorial, 0 hidden)
Re: Special Focus (none / 0)
Lets just say 'real estate credit' to avoid 'mortgage'. It is shocking that the domestic credit has gone negative.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Carrie (migeru at eurotrib dot com) on Tue Oct 28th, 2008 at 06:47:14 AM EST
[ Parent ]
Re: Special Focus (none / 0)
Since real estate would include commercial interests, too, what about homeowner credit?

As for domestic-denominated credit going negative, what does that mean at all? Interest payments, or (early) repayments (refinancing)?

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Tue Oct 28th, 2008 at 07:54:10 AM EST
[ Parent ]
Re: Special Focus (none / 0)
Well, this is 'household credit after all' - but a precise term is a bit beside the point.

I have no idea how net debt can be negative - as it has been since 2006.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Carrie (migeru at eurotrib dot com) on Tue Oct 28th, 2008 at 10:26:04 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 27 October | 174 comments (174 topical, 0 editorial, 0 hidden)
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