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UK sinking under an ocean of debts?
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<blockquote data-quote="Dave645" data-source="post: 7923291" data-attributes="member: 55822"><p>When debt triggers crashes its only the essentials that maintain worth, food, water, and energy.</p><p></p><p>This debt crisis is diffrent to the stock market crash in 2007, as others have said it’s governments debt, not the banks, the banks were folding that would have crashed the whole system, if a banks holds your house under a mortgage then in fact they own it so if the bank goes bust then your home can be pulled in to cover the debt, so it’s sold to repay the mortgage you owed, you can see how that different from the government owes more money.</p><p>the spiral the banks going bust was causing is not the same as governments extending borrowing. </p><p></p><p>As for musk, He did it, because he had stock options that were ending if he didn’t use them he lost them, so he used them, that triggered very large tax bills so to cover that income, he sold some of the shares he holds about 20%, of his total that he received from his stock options and personal holdings, to cover the tax. </p><p>the impression I get is he only sold as many as he needed too, the trades he did were watched and the trade understood he needed to sell 20% to cover his tax bill, and he only sold 20%. Most analysts still bet on the stock going up in value.</p></blockquote><p></p>
[QUOTE="Dave645, post: 7923291, member: 55822"] When debt triggers crashes its only the essentials that maintain worth, food, water, and energy. This debt crisis is diffrent to the stock market crash in 2007, as others have said it’s governments debt, not the banks, the banks were folding that would have crashed the whole system, if a banks holds your house under a mortgage then in fact they own it so if the bank goes bust then your home can be pulled in to cover the debt, so it’s sold to repay the mortgage you owed, you can see how that different from the government owes more money. the spiral the banks going bust was causing is not the same as governments extending borrowing. As for musk, He did it, because he had stock options that were ending if he didn’t use them he lost them, so he used them, that triggered very large tax bills so to cover that income, he sold some of the shares he holds about 20%, of his total that he received from his stock options and personal holdings, to cover the tax. the impression I get is he only sold as many as he needed too, the trades he did were watched and the trade understood he needed to sell 20% to cover his tax bill, and he only sold 20%. Most analysts still bet on the stock going up in value. [/QUOTE]
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UK sinking under an ocean of debts?
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