Jump to content
House Price Crash Forum
Sign in to follow this  
Dave Spart

Actuarial Education Website Forum

Recommended Posts

Yes, interesting - especially the quote from 2008:

The Government will look at its debts, do the calculations to work out what tax rates would be require to pay them off and then introduce an austerity drive for a few years before giving up and printing large amounts of money to pay off its debts.

How did you come across this site? Usually actuaries are only mentioned on HPC to complain that they all expect 8%pa investment returns.

Share this post


Link to post
Share on other sites

...thought this guy did a nice casual summary for an actuary :

What do we learn?

1 Most bankers are f*ckwits

2 Most politicians are clueless

3 Bailouts will only extend the crisis and store up potential for hyperinflation and the rise of fascist type governments at a later stage

4 Economics departments in Universities should teach Keynes (the original version not the bastardised version currently taught), Marx and Schumpeter who all emphasised that capitalism is crisis prone.

6 Some sort of gold standard should operate as this will reduce the scope of future credit expansions

7 Friedman and Bernanke got it wrong. The great depression was not caused by the Federal Reserve's policy's in the early 1930's, but by their policies in the 1920's which allowed such a large accumulation of debt. That is Bernanke is not going to prevent a crisis this time and Greenspan's policies were disasterous

8 Central banking should probably be abandonned and interest rates set by the market

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.