andrewducker + debt   59

UK in credit splurge as pay is squeezed (unsecured debt up 10%, spending power down 2%)
So, how long until the country collapses into oblivion as people frantically try and keep their lifestyles propped up despite the economy falling apart?
debt  uk 
june 2017 by andrewducker
Can 'financial repression' solve the debt crisis?
I do sometimes think that inflating our way out of debt is the
only response that's going to work in the long term. It's not going to
be any fun though. And much harder for countries in the Euro.
euro  debt  finance 
march 2012 by andrewducker
A cool look at the current deficit hysteria
The level of debt we're in isn't actually that bad...
economics  debt  finance  government  UK  recession 
october 2009 by andrewducker
The vulture funds that feed on the world's poor
Buying up third world debt and then taking the countries to court to claim aid payments.
poverty  debt  regulation  UK  usa 
september 2009 by andrewducker
1,500 farmers commit mass suicide in India after being driven to debt by crop failure
"The water level has gone down below 250 feet here. It used to be at 40 feet a few years ago," Shatrughan Sahu, a villager in one of the districts, told Down To Earth magazine

"Most of the farmers here are indebted and only God can save the ones who do not have a bore well."
india  agriculture  suicide  economy  water  debt 
april 2009 by andrewducker
The most effective debt collecting email I ever wrote
Very nicely done. There's a lesson there on what kind of things people react to.
business  communication  debt 
february 2009 by andrewducker
The Fiendish Genius of Credit-Card Minimum Payments
Mr. Stewart presented 413 people with mock credit-card bills of £435.76 (about $650) that were identical — except that only half mentioned a minimumpayment of £5.42. Participants were asked how much they would pay.

Among those inclined to pay the bill in full, the presence of the minimum payment hardly made any difference. However, those who wanted to pay just part of it handed over 43 percent less on average when presented with a minimum payment. In the real world, this would roughly double interest charges.
psychology  economics  debt  finance 
december 2008 by andrewducker
Boom time for Spain's costumed debt collectors
I'm not sure I'd find this believable if I read it in a novel...
debt  economics  society 
september 2008 by andrewducker

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