Economist looks shocked

The reflationists (or communists, whichever you prefer) have lost their vote in Congress. The Administration probably regrets threatening a "1000 point fall in the Dow" right around now.

Still looking good for gold. I have to admit though, I've been thinking about just how much hassle it would be to get all my cash out of banks and into a safe somewhere...

FoFP

Wow, all that effort, for not much result

why do they bother?

tim

In South West London property...so far..touch wood.

The next bank down the plughole has got to be Santander. How can they have money when no one else does?

Trouble with old Will is, he often seems on edge about something. And as for Jon Snow... I thought he was going to have a heart attack! The bloke in the studio seemed much calmer and more level headed than either of them.

MM

Most of middle Britain (and middle USA) no longer has wealth, it has debt (the root cause of the problem).

"Spain's largest bank, Banco Santander, has arrived at the higher reaches of the European banking league while working under a strict regulatory regime which could offer some lessons for Britain's beleaguered banking sector."

- Ad

Which is why it is likely that those who *have* been prudent over the last decade will bear the brunt of the measures necessary to soften the blow for those who haven't.

It a dangerous time to be a saver. By rights interest rates should be rising to encourage saving, fight inflation, and build up banking balance sheets. In reality I think the BoE's going to get thumbscrewed into submission soon. So I'm ->.

Thats what my daughter said.... except in my case (lucky I know) I would burn my nose on the light bulb due to the raised height of the said bed...not withstanding the inflation eating away at the value!

As long as things don't get so bad that banks go down taking my savings with them, then ISTM that even a low (positive) rate of interest is better than the negative growth that I can expect on any other investment

tim