Wednesday, March 14, 2012

WTF can someone explain?

George Osborne's 100-year bonds get short shrift from pension funds

Pension funds are the the most likely investors in such long-term assets but they were among the first to dismiss the idea

Posted by happy mondays @ 08:04 PM (1463 views)
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8 thoughts on “WTF can someone explain?

  • Who would be stupid enough to buy them?

    What about BOE? It would allow government to get free money from BOE.

    QE by another name.

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  • One hundred years of slavery, for three generations, to get the Conservatives into power for another term.

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  • One hundred years of slavery, for three generations, to get the Conservatives into power for another term.

    It’s a coalition government, not a conservative government.

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  • @HPW – “It’s a coalition government” in theory more than reality – I’ve got it on good authority from one of my Labour insiders that Cleggy has a nailed on safe Conservative seat at the ready – do you think for one minute if there was an election tommorrow he’d hold Sheffield Hallam?

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  • What happens when we lose our AAA rating? Not a good bet, methinks.

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  • HPWATCHER, the nativity of some posters here is astounding. Didn’t you realize that they all work for Goldman Sachs?! The reason they want to keep the current government in power, is to avoid disruption to the Civil Service. Both the left and right work for the bankers.

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  • mark wadsworth says:

    Even Libertoss works for the bankers, but he’s the only one who doesn’t know it.

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  • ontheotherhand says:

    hpwatcher, “Who would be stupid enough to buy them?” The governments simply have the capital adequacy rules changed in the banks and the provision rules changed for pension funds so that this 100yr stuff would have to be part of the portfolio. This crowds out the ability of medium and big companies to borrow directly from the market by issuing their own bonds because they have been crowded out by the state, so they have to go to the banks… This in a country where over 50% of GDP is government spending crowding out private enterprise at the same time.

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