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Renew my 5yr Index Linked NS&I??
Comments
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It's a classic softening up campaign, threaten the worse through leaks then change it but by the least worse option.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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I think they'll find it hard to do that as holders of index linked gilts will all be screaming "default" is it will hit some of them by as much as 40% capital losses if RPI drops by 90 basis points.
Note that I said "hard" rather than "impossible"!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
I guess this is a suitable point to say "I told you so."
I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Well done.
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Well done.
Thanks!
My wife just called me a !!!!!! when I said "Hah!" to the TV when this was announced over breakfast so it's nice to find somewhere where I'm appreciated. I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »I think they'll find it hard to do that as holders of index linked gilts will all be screaming "default" is it will hit some of them by as much as 40% capital losses if RPI drops by 90 basis points.
Particularly when those holders of index linked gilts are the Bank Of England staff pension fund“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Just what I was thinking! Mervyn retires next June .... 0
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I thought the moneybox guy said they weren't going to use the new RPI-J figure? As said, those who invested in UK gilts would scream murder.
And what is with replacing an RPI figure based on 18th cent tech on one using 19th century stuff?0
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