Tuesday, August 11, 2009

Should we save or spend?

How savers could derail a recovery

Is our economy recovering? And is the United States about to snap back into growth mode? If so, then the recent stock market rallies make some sense.

Posted by damien @ 11:24 AM (658 views)
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One thought on “Should we save or spend?

  • The Republic of Ireland will hold a second referendum on the EU’s controversial Lisbon Treaty on 2nd October, Irish PM Brian Cowen says. Around 7th – 10th October all banks, by virtue of their end of year accounts, may (as in “who knows what new rules could be introduced to assist further subterfuge and prolong the fraud”) er, may have to come clean with transparency that will demonstrate for all to see their true situations. All rather ugly. The king is in the altogether.

    “How savers could derail a recovery” – what a load of borrocks. Savers, spend wisely now. The banks are going to eat your savings soon. If you’re OK with limited cash withdrawals and monthly spending limits (set by government) there’s no need to panic. For the more astute; You’re running out of time to make your preparations. Wakey, wakey.

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