View Single Post
Old 14-07-2020, 22:44   #472
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 14,187
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: Changes on the High Street

Quote:
Originally Posted by jfman View Post
Do you think there are savings deposits to cover all borrowing? Or course there isn’t. It’s frankly naive to think so.
It's the multiplier effect which is how banks work. £1 in deposits for every £10 lent. Hence the need to bail out the banks in the Global Financial Crisis.

A good move here - the top floors of an upmarket shopping centre in Liverpool are bieng converted to a campus for a music college, co-owned by Robbie Williams.
https://www.liverpoolecho.co.uk/news...music-18594969
1andrew1 is online now   Reply With Quote