From: "Stephen GoldenGun" 
Newsgroups: uk.finance
Subject: Re: Are we heading for recession?
Date: Tue, 15 Jul 2003 22:43:59 +0100


foundalive  wrote in message
news:6313f5e2.0307151322.a178717@posting.google.com...
> lets straighten it out.
>  1) the uk economy is not producing net wealth,hence we are all
> borrowing to prop it up, when we run out of equity and when interest
> rates reach 12% ( how longs your mortgage!) we are stuffed. Then the
> government will start borrowing to prop it up( germany got there
> first!)
> 2) The only one in europe with a deep understanding of the germans is
> the italian pm.
>
>
But it does'nt explain why it seems to me the Germans have loads more
disposable income than we do. They seem to drive better cars, have better
roads, better buildings, better public services, and the unemployed do much
better as well.

And there economy is ten times bigger than ours.