Ideally, when you have credit problems, you don't want to be borrowing anymore than loan value.
It doesn't feel good to be borrowing at 6% while holding assets with negative returns.
My children are now too old for endless festive shows, and I will miss them, although I know a couple of youngsters who won't object to being borrowed.
Clearly their music has never been too old-fashioned not to be revisited, borrowed and at times even blatantly copied by the new crop of artists.
But there is also another reason not to be too sanguine about borrowing to pay for the stimulus.
Unlike money, that can't be borrowed.
There are some constants, I am sure, like lenders giving away money to people who should not be borrowing, but the economic conditions have changed dramatically.
Most remarkably, not one cent had been borrowed to pay for any of it.
Although they have recapitalised their balance sheets, and are ready to lend, not enough companies are borrowing.
In fact, some could even ask why, with rates this low, the government hasn't been borrowing more to help stimulate the economy.
