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A comment on Bottom 80% of US Households Persistently Dissaves-Spending More Than Income. Parent comment

Re:Bottom 80% of US Households Persistently Dissaves-Spendin... by ljf on Monday February 05, 2024 @12:12PM (#39263605)
Only if we return to higher rates of interest fr a long period. Here in the UK the desire seems to be to return inflation and interest rates to approx 2%. Rates of 2% and inflation of 2% means there is little incentive to save.
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Re:Bottom 80% of US Households Persistently Dissaves-Spendin... by nick7376182 on Monday February 05, 2024 @12:47PM (#39264102)
How are they going to control both at the same time. Govt underwriting high risk retail loans, quantitative tightening?
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Re:Bottom 80% of US Households Persistently Dissaves-Spendin... by ljf on Tuesday February 06, 2024 @08:18AM (#39273880)
The theory is that high interest rates will bring inflation down - once they are down the market is already predicting that rates will drop to 2% - so the era of cheap money will continue...

It seems to be working, but no better here than it is on the continent and USA, where inflation is already lower.

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