Mortgage debt threatens overstretched UK households – FT.com

English: Mortgage debt

English: Mortgage debt (Photo credit: Wikipedia)

 

This important article by the FT cites latest evidence by the Resolution Foundation, a think-tank specializing in housing finance. This is a MUST READ. Check it out!

 

via Mortgage debt threatens overstretched UK households – FT.com.

 

Government statistics do not identify off balance-sheet government guarantees of home-loans, nor do they recognize consumer risk levels. In short, much of David Cameron’s government policies seem to be based on smoke and mirrors, rather than evidence-based policy.

 

Isn’t it about time that the mainstream media started to take a hard look at the the risks from Cameron’s policies?

 

Any thoughts?

 

 

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Europe faces a bigger threat than German caution – Philip Stephens – FT.com

English: President Barack Obama talks with Ger...

English: President Barack Obama talks with German Chancellor Angela Merkel and British Prime Minister David Cameron before the start of the working G8 dinner at Le Ciro’s Barriere Restaurant in Deauville, France, May 25, 2011. (Official White House Photo) (Photo credit: Wikipedia)

This is a thoughtful and very popular FT article by Philip Stephens. It’s a RECOMMENDED READ for the weekend, in my view.

via Europe faces a bigger threat than German caution – FT.com.

The article basically takes the view that Europeans should not blame all their economic woes on Germany. It maintains that European decision-making has become far too risk-averse, especially with older members who have managed to escape the worst effects of austerity.

As I read this article, my mind wandered to the Millennial generation, who seem to have been abandoned by everybody, including the political classes, the mainstream media and the baby-boomers.

For the millennials to survive and prosper, there is a need for radical change. So far, politicians, like David Cameron and Angela Merkel are barely recognizing the size of the crisis for the Millennial generation. Of course, we need to lobby politicians, the mainstream media and pressure groups. BUT there is a far greater challenge, namely:

How do we encourage the millennials to effectively help themselves?

Any thoughts?

 

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