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Savers Told To Stop Moaning And Start Spending

Tuesday, September 28, 2010 - 8:07 PM
From the UK news site the Telegraph:
Savers should stop complaining about poor returns and start spending to help the economy, a senior Bank of England official warned today.

You might not like Bernanke, but at least he hasn't blamed savers.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Wednesday, September 29, 2010 - 9:45 AM
Bernanke might not have spoken blame for savers, but actions speak louder than words, and his actions put the pressure on savers to spend. That is, stop being responsible, and spend like crazy because prices will only be going up -- you know, the attitude that got us into this trouble in the first place.
me1004me1004373 posts since
Jan 16, 2010
Rep Points: 2,598