Good reading from across the Web.
I don’t usually go in for apocalyptic visions, but if one was looking for intelligent company in the fallout shelter then you could do a lot worse than economist Steve Keen.
Worryingly, Mr Keen and me seem to have a similar opinion of bankers, and of the usefulness of their activities over the past 40 years. Does that mean I also think we need to write off all debts and start again?
This interview with Keen is well worth a watch, whatever your perspective:
If we’re going to write off the debt of companies and citizenry alike, then at least Keen’s version of a debt jubilee has the potential benefit of not utterly punishing savers – since they are allocated the same portion of the free money that Keen would like to print, and they have no debts to pay off with it.
It would still be a nightmare scenario though, financially-speaking – and surely on the streets, too.
From the money blogs
- What my father’s death taught me about estate planning – Get Rich Slowly
- What to do with a windfall – Oblivious Investor
- 4 rules for investing a lump sum – Rick Ferri
- Are you a born investor? – The Psy-Fi blog
- Homeserve: A big price equals big losses – UK Value Investor
- The rule of 20 can make you plenty [1 week old] – Investing Caffeine
- Even pricey index funds can be better than active ones – Andrew Hallam
- Morningstar’s new fund rating methodology – Allan Roth
- What’s for dinner? Bi-monthly menu planning – Len Penzo
Deal of the week: All the luvvies in the media keep citing Robert Harris’ new flash crash thriller The Fear Index. It’s half-price at Amazon.
Mainstream media money and investing
- Britain’s economy: Into the storm – The Economist
- New climate change talks open in Durban – Economist
- Merkel vows to build fiscal union – FT
- Tesco offers new RPI bond, but watch out for falling inflation – FT
- ‘Astonishing’ new tax relief on venture capital [careful!] – FT
- No State pension until 71 for today’s 20-year olds? – Independent
- NEST pension delay will hit the young – Telegraph
- Retail investors ditching equities likes it’s 2008 – Telegraph
- At-a-glance winners from the autumn statement – Telegraph
- Charity shop Christmas shopping – Telegraph
- Britain’s coupon queen feeds family of four for £50 – Telegraph
- Cherry picking commercial property opportunities – Motley Fool
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