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House Price Crash Could Leave Savers Without Cash To Fund Retirement

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http://www.telegraph.co.uk/business/2016/03/29/house-price-crash-could-leave-savers-without-cash-to-fund-retire/

Link to new words of wisdom from the BoE along the lines of the old proverb about either having cake, eating it, but not both.

At first glance I thought it was a warning that a HPC would destroy all the banks and take all deposits, bonds, equities and pension funds with them. I did wonder why BoE would predict that sort of apocalypse scenario. Instead what they appear to be saying that "savers" who have spent their money rather than saving it could be making a very basic error.

Yeah, that makes the DT headline just a bit misleading. But perhaps explains the muddled logic of monetary and economic policies that got us where we are.

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