Is personal debt really a problem?

Article Abstract:

Personal debt in Great Britain is more a question of lack of liquidity rather than debt. The average personal debt ratio, liquid assets versus financial liabilities, is 1:1. The figure in 1980 was 1.5, indicating slightly more debt than credit. Another widely used ratio is that of personal debt to disposable income. In 1980, this ratio stood at about 0.5, with income at one-half of debt. Today it is 0.88. The average consumer need not be concerned about financial difficulties except in the event of divorce or unemployment. Many consumers do worry about the possibility of a severe depression in the next ten years, however.

Finance, Measurement, Debt, Consumer credit, Consumers

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Always remember that bubbles burst

Article Abstract:

Reported increases in housing prices are a sign of future inflation of wages and consumer prices. The Building Societies Association reports that housing prices in the UK rose 32% for new dwellings and 26% for second-hand houses between March 1987 and March 1988. In the two previous episodes of housing inflation in 1972 and 1979, a general inflation of consumer prices and wages followed within two years.

United Kingdom, Surveys, Inflation (Finance), Inflation (Economics), Building Societies Association, Great Britain, Housing surveys

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China: how tall is the emperor?

Article Abstract:

This article examines the potential for China's economy to grow in the 21st century. Controlling the gross domestic product, comparative world shares of population and exports, and Chinese capital costs are examined.

China, Economic aspects

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