Mervyn King warns against 'premature' interest rate rises

[scooterscot]

The UK economy is being ruined by short-termism & vested-interests lobbying hard for preferential treatment. Tough but necessary decisions have been continually put off, kicked down the road so as to be someone else's problem in the future. All this is distorting what used to be thought of as "free markets". The 1 percent get richer whilst the rest of us get poorer. When will people wake up to what's going on?

You did vote for the Tory's, what else did you expect?

[bobspud]

Yes it was the right thing because:

Living within one's means = sustainable

Living beyond one's means = unsustainable

All those people who are in favour of living beyond their means and surfing a wave of cheap credit... what are they going to do when the credit runs out and they eventually find that nobody is prepared to lend them any more money? What are they going to do when their debts have to be paid?

They will go bankrupt and walkaway after a year in bankruptcy then start the whole process again...

But it's your pension funds and other saving vehicles that take a butt-******* when the bankrupt start to rise

[AtW]

3D glasses on standby for that show...

Better to wear one of these -

[AtW]

But it's your pension funds and other saving vehicles that take a butt-******* when the bankrupt start to rise

Hmmm, how did those pension funds survived real estate crash in USA?

How did those pension funds survived UKs real estate crash in 90s?

And most importantly - just why the FOOK pension funds invest into bubbles?!?!?

[bobspud]

Hmmm, how did those pension funds survived real estate crash in USA?

How did those pension funds survived UKs real estate crash in 90s?

And most importantly - just why the FOOK pension funds invest into bubbles?!?!?

There's a whole generation of people that retired during those crashes that lost vast amounts on their annuity redemption. First lawis that the funds don't lose. You do, every time. Be that oops your funds only worth half it's predicted value or them stealing mortgage sized fees over the life of the investment.

If you think you are smart for living frugal so you have a nest egg when the tulip hits the fan you are deluded.

[scooterscot]

And most importantly - just why the FOOK pension funds invest into bubbles?!?!?

Don't folks use a IFA to pick and choose what stocks their portfolio should be investing in?

[BrilloPad]

Mervyn King warns against 'premature' QE ending

FTFY.

Without a constant running tap of cash there will be deflation.

[bobspud]

Don't folks use a IFA to pick and choose what stocks their portfolio should be investing in?

Like the massive flood of suckers that got told they would do better contracting out of SERPS?

[AtW]

Without a constant running tap of cash there will be deflation.

Just imagine how bad it would be to see lower petrol bill every time you refuel.

[AtW]

There's a whole generation of people that retired during those crashes that lost vast amounts on their annuity redemption.

So, your point is that from now on Govt found magical solution to this problem and funds will stop losing money during crashes, because there will no longer be booms and busts?

Personally I do not pay into any pension fund because I am positive that well before I retire those funds will be raided by Govt to bail out ponzi scheme of the social security system. They don't have balls to increase working age and brains to get the economy to provide jobs to such old people in the first place.