Saturday, January 4, 2014

How does this work?

IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high

This is what I find worrying. If the only way to save is to take out a mortgage debt and pay it off, your saving being the eventual ownership of the property, then who is the offsetting saver? Maybe inflation is low now, but saving in sterling is finished as an idea for many people.

Posted by stillthinking @ 08:21 AM (1623 views)
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One thought on “How does this work?

  • The central banks have had their fun passing out QE cash to their friends. Now somebody has to pay.

    Bail ins will go large in 2014. You’ve had the Cyprus tragedy and the Polish pensions – coming to mainland Europe soon.

    There are plenty of plates spinning, any one of them can trigger a crash. Silver, Gold or Bitcoin are recommended. Housing assets are a part of the big picture. Time moves on – no crash while low IRs are maintained….but for how long can that last?

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