Emeritus Prof Christopher MayOct 15

As warnings about an impending stock market 'correction' swell, Rachel Reeves once again flies a kite about halving Cash ISA's allowance, to 'encourage' savers to move funds into the stock market...

As the saying goes, 'every market requires a fool' when people want to cash out & Reeves is setting up the public to buy the shares investors want to shed in light of the likely stock market turmoil.

She is not on our side, she's in the pocket of the investment bankers!

#CashISAs #politics
h/t FT

Show threadKnud Jahnke

@ChrisMayLA6

Meanwhile Blackrock lobbies for US pension funds to invest people's 401 pension savings into AI companies.

And Berkshire Hathaway is sitting on $350b in cash and US bonds to buy a lot of things in the next few years. But not now.

I think the signs are piling up.

Oct 15 at 9:56amWeb