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**Hugh** · 12-11-2010, 09:22

Whilst I think he has some relevant points, one must be careful not to apply micro-enonomic thinking to macro-economic events.

For instance, when I took out my last mortgage for £100k in 1993, the actual amount repayable over the original term of the mortgage was about was over £200k, about 10 years of my salary at the time - if I had looked at it in those terms, it would have been too scary.

Martin Durkin is an good documentary maker, but he does have a tendency to be polemical and show "worst-case" scenarios, without any mitigating points which could lessen the impact, and often lets his emotions drive the discussion, rather than the facts (imho).

btw, I do strongly believe we should be bringing our National Debt down.

12-11-2010, 09:22	#3
Hugh laeva recumbens anguis Cable Forum Mod Join Date: Jun 2006 Age: 69 Services: Premiere Collection Posts: 45,057	Re: Britain's Trillion Pound Horror Whilst I think he has some relevant points, one must be careful not to apply micro-enonomic thinking to macro-economic events. For instance, when I took out my last mortgage for £100k in 1993, the actual amount repayable over the original term of the mortgage was about was over £200k, about 10 years of my salary at the time - if I had looked at it in those terms, it would have been too scary. Martin Durkin is an good documentary maker, but he does have a tendency to be polemical and show "worst-case" scenarios, without any mitigating points which could lessen the impact, and often lets his emotions drive the discussion, rather than the facts (imho). btw, I do strongly believe we should be bringing our National Debt down. __________________ Thank you for calling the Abyss. If you have called to scream, please press 1 to be transferred to the Void, or press 2 to begin your stare. If my post is in bold and this colour, it's a Moderator Request.