MSE News: Base rate held at record 0.5% low again

roddydogs

talexuser wrote: »

NS&I is good for 15 grand but you can't live off the interest of that. For the rest of your savings more printing money is a disaster, but probably what the BOE/Gov want...

OK thats £15,000 taken care of, what about the rest of my £50,000,000,000?:p

talexuser

Ok, so far it looks lke a softer landing than the 30s... we hope. But it is still a mess caused by deregulation and lax monetary policy over many years. And if all your savings cannot keep up with inflation for years (which is where we are) then it is still a disaster.

Ark_Welder

talexuser wrote: »

Ok, so far it looks lke a softer landing than the 30s... we hope. But it is still a mess caused by deregulation and lax monetary policy over many years. And if all your savings cannot keep up with inflation for years (which is where we are) then it is still a disaster.

Hope. Most definately. But bumpy on the way with lots of emotional swings in either direction until things start to look brighter...one day...

Absoultely agree about the deregulation and lax policies. My thoughts moving forward are that if there has to be less lending in the future, then there is less need for savers' cash. So interest rates paid to savers probably won't increase to the same degree as those charged to borrowers. Although I will add my get-out clause, which is that the banks may want to attract or retain savers' cash so that they are less reliant on the wholesale markets.

talexuser

I think the warning signal is when a Chancellor is lauded to the heavens as brilliant, fantastic, bringing unheard of long term growth and prosperity etc etc. This was said of Lawson and then Brown and it all ends in one or other derailment eventually

Edit c.f. Greenspan too!