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spyguy

Boe Blog - A Lifecycle Of Housing Debt

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Stumbled on the line here:

Zero Rate Trap:

http://www.economist.com/blogs/buttonwood/2015/09/asset-markets-and-monetary-policy

Basically, if you are under 50 you are being fcked up the ass by those over 50:

http://bankunderground.co.uk/2015/09/18/a-lifecycle-story-of-housing-debt-in-blighty/#more-558

I say we slash pensions and return the money as lower rate taxes for those under 50.

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BOE Haldane on serious crack today

1. Inflation target to 4% for interest rate 'wriggle room'

2. Get rid of cash

I respect Andy haldane a lot (I've met him) but he likes talking all sorts. That's his job.

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Stumbled on the line here:

Zero Rate Trap:

http://www.economist.com/blogs/buttonwood/2015/09/asset-markets-and-monetary-policy

Basically, if you are under 50 you are being fcked up the ass by those over 50:

http://bankunderground.co.uk/2015/09/18/a-lifecycle-story-of-housing-debt-in-blighty/#more-558

I say we slash pensions and return the money as lower rate taxes for those under 50.

They forgot to mention the occupancy ratio, where oldies who can't really afford their big houses get subsidised to not downsize. These oldie entitlements are evil.

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I respect Andy haldane a lot (I've met him) but he likes talking all sorts. That's his job.

Darth Blanchflower is taking him seriously

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If he weren't chief economist, his views on this would be on the bankunderground blog.

But he really is only describing a long term trend. I know some people who barely carry any cash at all.

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I think eradicating cash would be treating the symptoms - not the disease.

Growth has ended in the western world because the drivers of growth - people - have not the wherewithal to spend and buy products.

Poorly functioning labour markets have meant that managers, executives and directors have been able to vote themselves pay rises via squeezing those at the bottom of the stack.

I think out of whack salary multiples is the main reasons for the recession and weak economy.

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