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Beiträge, die mit Investment getaggt sind


Rachel Reeves proposal to consolidate local authority pension plans into a small number of 'megafunds' seems sensible & draws lessons from Australia & Canada.

But, what will be key is how she shapes (or doesn't shape) any investment strategy requirements.

If she seeks to use the £360bn in assets to back her favoured ventures, there is an interesting issue about the fiduciary responsibility of scheme trustees to their members; Much will depend on the detail

#pensions #investment
h/t Guardian


Will Hutton criticises the Office of Budget Responsibility & others underwhelmed by Rachel Reeves' budget & its strategy for (renewed) public investment;

What they are under-estimating is the multiplier effect of investment, which is widely recognised elsewhere, but for the OBR seems to be being downplayed & minimised.

Reeves' may be vindicated (on this at least) in time.

(But there are plenty of other good reasons to be gloomy about the budget!)

#budget #investment

https://www.theguardian.com/commentisfree/2024/nov/03/investment-drives-growth-thats-why-gloomy-forecasters-are-so-wrong-about-the-budget


About American Great Economic Fail


Bild/Foto
The U.S. has wasted its entire blood and treasure on war. Imagine what the U.S. could have built with $14 trillion dollars? Where the U.S. could have been in relation to China for that amount? As someone else noted, the U.S. could have very well built its own “one belt and road” project for that money, connecting the world and reaping untold benefits.
...
#Western system is based on the actual institutionalized economic sabotage and subversion of the developing world.

#China #economy #compare with #USA as Golem #Israel #Mossad #vassalage #Pentagon #deepstate #MIC #banksters #capitalism #imperialism #military #american #money #investment in #debt #Bidenomics #US #finances is #fail