News of the World: Money Saving Expert

Our sister company Advisors.ie has been working with the Irish News of the World, presenting their ‘money saving expert’ piece every week since January.

This week we covered the area of pensions and the necessity of pension provision.

Currently there are just over four people working for every pensioner, it has been calculated that by 2036 that this may be as low as only two people working for every pensioner.

That would be a massive problem because it would mean that most of the taxes raised would be going toward provision for an ageing population.

The new issue is that we may find it causes a pincer on our public finances as we struggle to pay back the money we have borrowed from many sources such as the IMF and EU, this move towards a lower pensioner to worker ratio won’t just arrive magically in 2036 rather it will manifest over time and as people live longer it will reach a tipping …

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The tipping point?

Today I am taking out the crystal ball, and asking it if these final weeks of December 2008 and the start of January 09′ are the tipping point of the greatest bear market since the 1930’s. The recession is huge, there has been billions in wealth wiped out, we passed the one trillion mark last month, the total is expected to be over 1.5 trillion USD in total.

The question is, how low will the path of this bear market go? [note: this is about the stock market and not the Irish property market] Central banks around the world are chopping rates, forming bailout packages and doing all possible to get the economy back on track. Today we will consider some of the reasons that we may be actually seeing the start of a tipping point.

I believe the trend will be that we saw what amounted to the greatest financial crash in modern history in nominal terms. The fallout in Q4 only escaped the ‘crash’ moniker (but ‘worldwide financial crisis’ doesn’t exactly have a …

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