Comments on: The return of the economy? http://www.lynnefeatherstone.org/2007/08/return-of-economy.htm Liberal Democrat MP for Hornsey and Wood Green Sat, 31 Jul 2010 03:08:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tom Papworth http://www.lynnefeatherstone.org/2007/08/return-of-economy.htm/comment-page-1#comment-655 Tom Papworth Sun, 19 Aug 2007 23:34:00 +0000 http://localhost/wp28/?p=1321#comment-655 Nobody should be appraoching retirement with all their pension invested in risky assets. As an example, my pension advisor recommended that ten years before retirement I transfer 10% of my assets to a safer fund, and transfer another 10% each year so that as I approach retirement I increasingly shield myself from risk.<br/><br/>As for the general point that financial figures (GDP growth, inflation, balance of payements, etc.) used to - and still do - feature in the news, this is because of the macroeconomists conceit that that which they measure they can control. Tweaking the figures then becomes justification for all sorts of intervention in the economy and so all sorts of limits on personal freedom. Nobody should be appraoching retirement with all their pension invested in risky assets. As an example, my pension advisor recommended that ten years before retirement I transfer 10% of my assets to a safer fund, and transfer another 10% each year so that as I approach retirement I increasingly shield myself from risk.

As for the general point that financial figures (GDP growth, inflation, balance of payements, etc.) used to - and still do - feature in the news, this is because of the macroeconomists conceit that that which they measure they can control. Tweaking the figures then becomes justification for all sorts of intervention in the economy and so all sorts of limits on personal freedom.

]]> By: a2 http://www.lynnefeatherstone.org/2007/08/return-of-economy.htm/comment-page-1#comment-654 a2 Sun, 19 Aug 2007 17:32:00 +0000 http://localhost/wp28/?p=1321#comment-654 One of the best explanations I've ever seen of economic stats (on the subject of international development, as it happens) can be found here.<br/><br/>http://www.ted.com/talks/view/id/92<br/><br/>Nothing technical - and a very good speaker. Perhaps the software he uses might be of interest to you in explaining the national economy to people? One of the best explanations I've ever seen of economic stats (on the subject of international development, as it happens) can be found here.

http://www.ted.com/talks/view/id/92

Nothing technical - and a very good speaker. Perhaps the software he uses might be of interest to you in explaining the national economy to people?

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