"Western debt burden is now so big that rich states will need same tonic of debt haircuts, higher inflation and financial repression - defined as an opaque tax on savers.”
IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high - Telegraph
Is this possible to model? I generally assume 2% inflation on my yearly needs, 0% on my investments and -1% return on my COLA'd pensions.
IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high - Telegraph
Is this possible to model? I generally assume 2% inflation on my yearly needs, 0% on my investments and -1% return on my COLA'd pensions.