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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST

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To: Ilaine who wrote (23158)9/26/2007 6:28:56 PM
From: TobagoJack   of 219061
 
they are deadbeats

should be sent to jail

so that the world has less deadbeats

thus lending institutions lend less to fewer deadbeats

china mainland consumer loan culture is effectively not just yet, but will grow, presumably, though society generally look down on consumer debt; institutional debt is big time, as everywhere

hk / macau is not so big on consumer debt - due to safe lending practices - mortgages are generally secured by 30% downpayment, with monthly adjustable interest rate, and callable should home value as determined by prevailing market price fall below set amount

taiwan is big on mortgage (as opposed to credit card) debt, and will pay for it

singapore not big and so will not
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