Punish savers and make them spend money - The Times

nickmason

PasturesNew wrote: »

I'd agree when the facts change, but a quick bluff isn't a fact changing.

I'm quite the obstinate little Hector.

:T:rotfl:

I am here watching the facts. Looking for trends. Trying to spot if/when I'm wrong and need to change my tactics. Present Plan A is to buy in 2011/2012.

And I really hope you get it right.

obsessed_saver

maybe I should have picked "obsessive_spender" as my nick. :rolleyes:

PasturesNew

nickmason wrote: »

And I really hope you get it right.

Thank you

ManAtHome

nickmason wrote: »

this makes me waver a little. Kaletsky is a good economist.

...who thought "le crunch" etc was all just a blip, and would be all over by xmas..... 2007. Life must be wonderful in Diggerland...

neverdespairgirl

nickmason wrote: »

PS - okay I confess, I'm trying to blag this. I thought he was good, from the admittedly little I've read of his work - should spend more time with Private Eye rather than council papers. Would quite like to, come to tihnk of it...

You should definintely read Private Eye more. His classic from last year, in the summer, was:

So let me stick my neck out and say without qualification - the US economy is out of the woods.

and in May:

Even more important than the relatively benign statistics is the news from the financial markets. Signs that the worst of the banking crisis may be over appeared to be confirmed by rallies in financial markets worldwide last week.

Zelie

On the subject of the OP, if HM Gov decided to tax bank deposits there would just be fewer deposits made. If my money is not gaining anything for me in a bank then I'll just invest in a good safe and keep my money at home!

rodent

If Deposits get taxed then there will a cash run on ALL savings institutions and a lot of recorded parcels leaving the UK.

Gold will become extremely popular as will fine art etc.

Get serious.

Anone who has any decent amoun of savings is by definition financially aware and will seek new safer homes for their cash ...they will NOT be duped into spending it on CRAP that they neither want NOR need

What a pile of utter TOSH.

The Rodent

Zagu

So now we are going to introduce a Wealth Tax, just as every other country in Europe has abandoned it? It's a hideous idea, and I suspect that all that will happen is that the money will be moved elsewhere, which will further weaken our banks.

Every day it looks more like an exercise in grasping at straws.

Geenie

Lokolo wrote: »

Why would anyone invest in property when house prices are spiralling downward?

Because in the words of Yazz in 1988, singing about eviction from her home and wondering wher her next meal was coming from......"The only way is up, baby" after a down turn.

Can you deny she wasn't right, as house prices did rise!

rodent

Geenie wrote: »

Because in the words of Yazz in 1988, singing about eviction from her home and wondering wher her next meal was coming from......"The only way is up, baby" after a down turn.

Can you deny she wasn't right, as house prices did rise!

Yes very good and very true (i have 32 props) but it is a little premature to be buying just yet as we have a way to go down first, calling the bottom is a fools game, but right now is NOT the optimum time to buy.


Something else which is definately right: you will die
But like me me, you probably feel that right now, is not the appropiate time ?



The Rodent