100yr Gilts... a pretty blunt admission the country needs to go to Ocean Finance.
50yr education debt, 100yr mortgages, suddenly "stopping Japan
happening here, just happened here". So we run the cost of a single
room up to £150,000 since "your children will pay it off or it gets
taken from your estate so it does not matter?".
USA education costs more than it returns in lifetime earnings, even
for medicine. UK education is a joke with secondary just moved into
tertiary. Over 50% of EU do not repay the debt, no doubt having found
as Delft & Dresden did that a british "degree" was "superficial
Final salary schemes are shut and their liabilities do not need 100yr
gilts, index linked are a waiting minefield of overpriced, broader
gilt yields are negative real rates of return. No-one has ever sold
the quantity that would make a difference, historic amounts are pretty
So what is the plan, force banks to buy the debt as they have with
gilts re Basel-III, force pension funds to buy the junk. No wonder so
many move offshore, it is like walking around in a room full of
gasoline waiting for a bunch of smokers to give in and drop a match...
- posted 8 years ago