UK 17:39 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
As you can tell from the start of this podcast I am a tad pissed off with life. Anyhow I then move onto debt. State debt, corporate debt and personal debt. It is like crack cocaine. It is addictive and in the end it is lethal. I warn you what to look for in stocks to avoid this poison. I refer to Mark Littlewood's headline talk on this matter at Gold & Bears in three weeks time.
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Comments
Daniel Victor
Nice bearcast,Tom – but in the case of Rivington Street holdings,you were too bleeding acquisitive !
Tom Winnifrith
Daniel
You are correct. I can only but apologise for my part once again
T
Sean
Really enjoyed this weekend bearcast, good honest opinions and telling it how it really is….Made me think about my debt position!
Tom Winnifrith
Sean
many thanks. I hope you come to hear Mark Littlewood. He is funnier than I am and this is HIS subject
T
Kit Ingoldby
It is genuinely scary how much debt people build up and how little they understand interest rates. A lot of people simply don’t understand that a rate rise from 1% to 2% results in a 100% increase in interest payments. I know this from a previous job dealing with mortgage payments. When interest rates rise it is going to have huge effects on many people as well as wrecking government finances. I really don’t know what to do to prepare.
Davecandle
Tom – you mentioned the other day about getting involved in a placing. I hope for you sake it wasn’t your mate Drummond twisting your arm to get involved in the FFX one this morning.
Andrea Gonella
Is it realistic to state that once interest rates go up they will continue to do so?
I say not: markets will tank and they will be very quickly reversed.
Wrongly in my view, but there you go.
wildrides
Your dead right about people not understanding interest rate % effects . My last morgage thankfully finishes in the middle of 2016 .I was hoping to dodge the bullet of % rises but it looks a little unlikely at present . Fixed at 1.25 over base and so very little pain at present ………. Ive been very lucky with rates and have had a very good run indeed . God help anyone when it starts piling on the % points . Whole sale repo time I fear .
BlueFrew
The housing bubble will pop whether interest rates rise or not. All bubbles eventually run out of greater fools.
The collateral damage to the UK economy will be immense. We’ve had a situation where for over 15 years a pile of bricks has been “earning” more than somebody going out to work. That has distorted the economy so much that fixing it will take decades.
Of course the like all bubbles most of the people who could have won (hundreds of thousand pounds worth of unearned wealth for selling and finding a cheaper place to live) have been getting themselves balls deep. Expect to see a lot of Buy to Letters lose their shirts in time.