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RichM

Shocked - Surprised - Stunned

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The surprising new advocates of big government and even more spending

A very decent final paragraph from AK:

The answer to the pension funds’ financial dilemma is not to increase government borrowing; it is to reverse pension regulation and force pension funds to invest in risky, productive assets instead of government bonds. But in today’s safety-first, risk-averse, post-capitalist Britain, is there any businessman or politician of any party who would dare to suggest that companies should take bigger risks with their workers’ pensions? Or that guarantees and protections for pensioners should be reduced?

He's still a pratt though

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I find AK's mumblings to be quite a good read, but the fact remains that he's still a journo hack who's required to fill a column each day, and there's only so much economic/political theory you can write about before you end up going over the same stuff endlessly, often contradicting yourself. Some of it I agree with; some I don't. Worth a read every now and again, but don't be surprised if he's spouting a load of opposite tripe next week. ;)

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The answer to the pension funds’ financial dilemma is not to increase government borrowing; it is to reverse pension regulation and force pension funds to invest in risky, productive assets instead of government bonds. But in today’s safety-first, risk-averse, post-capitalist Britain, is there any businessman or politician of any party who would dare to suggest that companies should take bigger risks with their workers’ pensions? Or that guarantees and protections for pensioners should be reduced?

Is that supposed to mean something?

"force pension funds to invest in risky, productive assets instead of government bonds."

Can somebody tell him that they did that and lost all the money, oh, and punch him in the face while doing it.

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I find AK's mumblings to be quite a good read, but the fact remains that he's still a journo hack who's required to fill a column each day, and there's only so much economic/political theory you can write about before you end up going over the same stuff endlessly, often contradicting yourself. Some of it I agree with; some I don't. Worth a read every now and again, but don't be surprised if he's spouting a load of opposite tripe next week. ;)

AK used to be very good but unfortunately he has bought into the "HPI is sustainable forever and this is good" school of thought, which ruins everything else he has to say.

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  • 335 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%



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