@actfast The US can have all the resolve in the world but that’s won’t produce ammo. The production of military ordinance in the BRICS nations far exceeds the capacity of the west.
@TMFScottP Many people use paywave even when a sign says how much, as a %, they will pay extra for the privilege, then complain about high interest rates.
Also the number of people working in shops that can't do simple arithmetic (work out change from cash offered) is surprising
@TheKouk How long before parental guarantees start to be called in? Households only need to lose a part time job or overtime to end up in default and mum and dad are told by the bank they won't be able to borrow as much as they thought before the sale of their house is triggered.
@TheKouk So what happens to a country that has relied on a 30 year wealth effect from housing for growth, when that sector of the economy unwinds? Rely on manufacturing?