Bad news for savers

BobQ

talexuser wrote: »

Could it be any clearer that inflation which we have been told for 40 years is the worst thing that could happen to a country's prosperity is now a policy to reduce the debt? In periods of high inflation where income falls behind prices do people really rush out to the shops and buy stuff that is not food/mortgage/rent/heating etc essentials?

So this means further punishing the frugal who have saved and rewarding those who do not.

Masomnia

BobQ wrote: »

So this means further punishing the frugal who have saved and rewarding those who do not.

That depends on what interest rates are.

JohnRo

The banks aren't deliberately punishing anyone, they're just making damned sure everyone, anyone, else pays for the damned mess they've created.

grey_gym_sock

just like most thieves don't maliciously want to deprive their victims of their money. they just want to have the money for themselves.

i think the example of japan is relevant. not that the situation is identical. but in that the policies now pursued by the our central bankers / politicians are heading us for a "lost decade" (perhaps lasting 20 years, also like in japan) - and that's if they work at all!