Mish reckons there will be - is - a global slowdown and credit contraction, savings will increase, and bond yields and interest rates will reduce.
4 comments:
Anonymous
said...
Should I sell my Premium Bonds and buy Index-Linked Savings Certificates? (That's not a request for advice: it's thinking out loud. Index-Linked because punting in fixed interest can be ruinous if you've guessed wrong.)
If I had much to invest at this stage I'd scatter my favours among ALL the things that seem a reasonably safe bet. Doesn't ERNIE create a millionaire a month?
4 comments:
Should I sell my Premium Bonds and buy Index-Linked Savings Certificates? (That's not a request for advice: it's thinking out loud. Index-Linked because punting in fixed interest can be ruinous if you've guessed wrong.)
If I had much to invest at this stage I'd scatter my favours among ALL the things that seem a reasonably safe bet. Doesn't ERNIE create a millionaire a month?
He sent me £150 this month, so its just £999,850 to go.
Oops: "it's".
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