Exact(6)
GOOD BORROWING In the end, I found two areas where a little debt, judiciously applied, can be beneficial.
Lack of good borrowing choked off the economy, shut down businesses and all but stopped house-building.
I was reminded of this today when Mr Osborne presented his deeply confusing but surprisingly good borrowing figures.
Everyone knows that good borrowing for investment is essential, whether to start a new business or take out a mortgage on a family home.
His play is, among other things, a manic primer on the old saws of investing -- diversification is good, borrowing money from your broker is not -- that are tossed out every time the market overheats.
In any case, there is a problem with high unemployment - 24% for the adult population and more than 50% for the under-25s - so the number of people who are good borrowing risks is limited.
Similar(51)
"We have refused to sign on the dotted line because it's not a solution to throw good borrowed money after bad borrowed money simply to keep pretending that the crisis of insolvency is a crisis of liquidity as we've been doing since 2010," he said.
If you don't have anything good, borrow some jewelery or go without.
Although it was customary at the time simply to stock model houses with goods borrowed from furniture stores, Eichler asked the Kahns to apply their artistic sensibilities (Matt is also a painter and Lyda was a weaver) to the task.
As a result, he has wrestled with closing the business for good or borrowing a lot of money and trying to rebuild.
Even at 20% the lenders can make a good spread, borrowing at 2%.
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