I’ve heard two interpretations of this data. That we’re all so worried about the cost of living and energy that we’re already sticking everything on the never-never, just in case. Or that it’s a sign of ‘consumer confidence’, that we’re still happy to spend, spend, spend and blow the consequences. The consequence for many last time around was to join the booming ‘we’ll get rid of your credit card debt in one easy voluntary arrangement (and you’ll probably never get a loan again)’. And the rise and fall of the payday lenders who rushed to fill that particular gap. So these could be pieces we’ll be picking up for many years to come, another can for this year’s PM to kick down the road for the next, no doubt.
“Donald Trump is winning. Business, beware”
There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
