pension investment anyone?
if i was to invest in a pension fund today i’d be expecting economic growth to increase the size of the fund over the next 30 years before i retire. unfortunately for anyone foolish enough to be investing in such a fund just now, this won’t happen:
> “if our economy grows at 3% between now and 2040, we will consume in that period economic resources equivalent to all those we have consumed since humans first stood on two legs”
>
> form George M’s article
better to get busy building local resilience and encouraging children to stick around to look after us – just as most people in non-industrialised cash poor countries currently do.
Tuesday, 4 December 2007