I agree! But a person or business choosing whether to take on more debt is going to rely on just the cold calculus of income and outgoings? I believe that how

I agree! But a person or business choosing whether to take on more debt is going to rely on just the cold calculus of income and outgoings? I believe that how take into account how secure they feel in their job, whether everyone else seems to be panicking about the economy, housing fomo, etc.