Originally posted by gingerjedi
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Mervyn King: helping savers would push Britain back into recession
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In Scooter we trust -
Zero interest rates is the 2nd much bigger bank bailout paid directly by all taxpayers: the margin banks enjoy is huge and their costs massively down.Comment
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Originally posted by sasguru View PostQuite. Which is why, apart from £50K or so emergency fund, most of my money is in stocks and shares.Comment
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Originally posted by gingerjedi View PostDo you think your 'average joe' who's struggling to survive during a period of high inflation on a stagnant wage could cope with a rate rise right now?Comment
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Originally posted by AtW View PostWandsworth millionaire with a mansion got £50k cash yet he rejects easy 30k money during Olympics supposedly offered to him for 3 weeks rentalHard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostBut enough about me. We're all curious how many years you claimed the dole while developing SKA?Comment
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Originally posted by AtW View PostNone actually, what made you think I'd even bother trying to claim it?Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostJust curious how you managed to live over nearly 10 years with no income?Comment
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Originally posted by AtW View PostIf average joe who got mortgage when rates were 5-6% goes bust when rates go up from 0.5% to 2% then that average joe overextended him/herself and should go bust to act as a warning to future generations.
Try putting yourself in his shoes rather than just preaching with the benefit of hindsight.Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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Does it still pay to be prudent?
Should I spend spend spend in accordance with Merv's instructions?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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