Comments on: Pensions

By: Chuck Unsworth

Chuck Unsworth — Fri, 25 Nov 2005 16:32:32 +0000

Property in Eastern Europe is a good start. Buy a flat in a coastal region anywhere overlooking the Adriatic and you’ll realise a lot more cash than anything in the UK. South Western states in the USA is another growth region for property speculation - Arizona particularly.

By: Julian Todd

Julian Todd — Fri, 25 Nov 2005 10:07:40 +0000

I’ve still don’t understood why governments are so deeply wedded to the idea that the financial instrument that is a pension should be laundered through the stock market. While this feels rational in a personal sense, it creates vast economic distortions on the macro scale. Not least because the stock market is programmed to rip people off. The game is not for everyone, and those it’s not for, or who are "unlucky", get screwed. Whilst two million clients of Equitable Life lost their pensions, the stock market boomed. These are two sides of the same coin.

It’s all so very well just telling us to "save harder". But in what do we save?

By: Chuck Unsworth

Chuck Unsworth — Thu, 24 Nov 2005 19:46:48 +0000

I’m not sure that the PMOS actually understands anything at all, but the report is already deep in the long grass - particularly after Brown’s leaked ‘opinions’.

In any event neither Blair nor Brown - nor, indeed, the PMOS - will be around when the pension debacle happens. So what do they care? Witness Brown’s continuing spendathon of our money….

By: Roger Huffadine

Roger Huffadine — Thu, 24 Nov 2005 17:24:13 +0000

The PMOS clearly understands "double negatives"

His answer was YES it will be kicked into the long grass