One persons comment and opinion of how they feel about this policy:Extract as written
My savings are intended firstly to help in eventual retirement and secondly, to allow me to spend some of it now.
The former is being made very uncertain by this pronounced and prolonged savers/debtors imbalance - in effect, negative rates eroding the pensions pot. If I had the sort of money mpc members have, then it wouldn't be a problem.
The latter is not possible because of inflation. There's no slack to spend. I have to try to preserve what I have by keeping it in fixed term accounts to get the best rate in order not to fall too far behind inflation.
Rates ought to keep pace with inflation. If house prices fell (it's not certain they would by much), then they will recover after the short term. After 4 years of bountifully low rates few mortgagees should be in potential difficulty - savers shouldn't be expected to cover current debtors risks.
Wish I was a debtor.
Ace Debt News: says that as we are getting deeper into an imbalance in our economy we are reaching a tip over point, at which time we will be unable to put our economy back on kilter! Their last comment about wishing to be a debtor is most unnerving and should be making alarm bells ring with our government! The fact is they are so involved with their own " self importance" they fail to notice the man/woman in the street!
Anyone like to comment on this comment or my reply please use the Disqus box provided and we can start to gauge peoples opinion alternatively tweet your opinion at #AceDebtNews or email me at News and Views.with your story?
All the posts are provided by me and any comments l provide are my own view of the markets and are not the views of the article writer and or news provider.
My savings are intended firstly to help in eventual retirement and secondly, to allow me to spend some of it now.
The former is being made very uncertain by this pronounced and prolonged savers/debtors imbalance - in effect, negative rates eroding the pensions pot. If I had the sort of money mpc members have, then it wouldn't be a problem.
The latter is not possible because of inflation. There's no slack to spend. I have to try to preserve what I have by keeping it in fixed term accounts to get the best rate in order not to fall too far behind inflation.
Rates ought to keep pace with inflation. If house prices fell (it's not certain they would by much), then they will recover after the short term. After 4 years of bountifully low rates few mortgagees should be in potential difficulty - savers shouldn't be expected to cover current debtors risks.
Wish I was a debtor.
Ace Debt News: says that as we are getting deeper into an imbalance in our economy we are reaching a tip over point, at which time we will be unable to put our economy back on kilter! Their last comment about wishing to be a debtor is most unnerving and should be making alarm bells ring with our government! The fact is they are so involved with their own " self importance" they fail to notice the man/woman in the street!
Anyone like to comment on this comment or my reply please use the Disqus box provided and we can start to gauge peoples opinion alternatively tweet your opinion at #AceDebtNews or email me at News and Views.with your story?
All the posts are provided by me and any comments l provide are my own view of the markets and are not the views of the article writer and or news provider.
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