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Systemic risk

  • 06-10-2008 12:52pm
    #1
    Yorky
    Registered Users, Registered Users 2 Posts: 1,485 ✭✭✭


    Considering that there are indications of systemic risk, is anyone withdrawing money on deposit and paying off mortgage / loan debt in the event of a global financial collapse?


Comments

  • #2
    KillerShamrock
    Registered Users, Registered Users 2 Posts: 1,405 ✭✭✭KillerShamrock


    I work in the financial industry and cant say ive seen much of this, irish people have this tendency to have a lump sums of savings and debt and would rather get SFA in interest on their savings and pay loads of interest on their debt, than clear their debt quicker.
    I personally woud rather have no savings and no debt than a lot of of both, in the long run it would be cheaper and you coud save more


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