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Economy saved

Last summer many people went for high interest paying regular savers accounts.

These mature this summer so loads of people (un-researched figure) will have thousands of pounds available. As the interest rates are so low they'll spend this or invest in the stock market.

Problem solved. How come no-one else thought of this?

Discuss.
If national debt is increasing and we're in a global recession, who exactly are we borrowing money off? Aliens?!

Comments

  • nzseries1
    nzseries1 Posts: 2,240 Forumite
    edited 24 April 2009 at 2:41PM
    Daddy_Bear wrote: »
    How come no-one else thought of this?

    Because... in my humble opinion, it's wrong.

    Savings accounts might still be low, but no way Jose am I going to put even one penny in the stock-market... it's got a lot further to drop yet if you ask me. And I'm not going to spend it, as there's nothing I need right now.

    I have fixed rate bonds maturing in July and August. When they mature, they'll be going into the highest paying savings account, no matter how pitiful the rates are.

    Once I feel the property market has bottomed out, then some may go into property, but not the stock market.

    Respond.
    You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.
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