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Subject: Re: Times: Homes at risk as banks seek more security for credit card debt Posted on: Tue, 25 Mar 2008 16:52:32 EST


> Debt-deflation is self-terminating and will restabilise at a different
> value of assets and money. The same cannot be said for hyper-inflation,
> which is where we'll end up if we print enough money to bail out all the
> idiots out there.
>

So if we do get hyper-inflation is this a bad thing for people with 100%
mortgages or a bad thing for people such as yourself who rent.

I have been following these events since 2001 and often read your comments
and your previous views on the impending credit crunch, which is now upon
us, made me (along with other reasons) take on more debt to move up the
housing ladder in 2006. Only history will determine if this was the correct
decision.