When we did not reach my Treasury question yesterday — What assessment he has made of the effect of sustained low interest rates on incentives to save; and if he will make a statement. — I asked the supplementary in a topical: Steve Baker (Wycombe) (Con): There is no doubt […]
Read MorePost Tagged with: "Saving"
The madness of contemporary economists
The Bank of England is considering negative interest rates to “stimulate” the economy, together with more QE. It’s one thing to pay a bank for safe-keeping and other services, another for the central bank to manipulate the credit markets as a whole. It is explicitly a policy of expropriating savers, […]
Read MoreAutumn Statement chart of the day: tax and spending
The economic facts behind the Autumn Statement, in as far as they are known or forecast, are available in the Economic and Fiscal Outlook from the Office for Budget Responsibility. Table 4.7 provides forecast current receipts. Table 4.18 provides total managed expenditure. So, here’s a chart of current receipts (i.e. tax) […]
Read MoreMust read, paywall or not: Fame & fortune: Why I bet the ranch on cattle
In today’s world it’s impossible to be a saver. You’re forced to be a speculator because cash is being undervalued by governments through quantitative easing (QE) [printing money]. I buy hard assets, such as commodities, although there are few bargains anymore. via Fame & fortune: Why I bet the ranch […]
Read MoreDrowning in an ocean of debt
NB: The author is Tim Hewish, who I am glad to welcome as a contributor. — Steve We are drowning in an ocean of debt. The video above may be an American example, but it serves us well when highlighting the dire straits the British economy is in under this […]
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