No implications for the boomers of course. But the windfall inheritances of their children will be smaller and possibly used to increase equity in their own homes.
However I’d imagine the net effect would possibly be to increase demand rather than reduce it. Arguably those inheriting would be more likely to spend than their probably more conservative parents.
Thanks for an very interesting article. Stuff you’re unlikely to read elsewhere. It appears equity withdrawal is all the go. It doesn’t surprise me though. You’re of course unlikely to read much about this in the mainstream media. But that doesn’t surprise me either.
However I fail to see the point of the article. Maybe it’s just me. Are you saying it’s significantly reducing the effectiveness of interest rate policy in getting inflation down?
What will be the implications of the boomers starting to die off?
Good question.
No implications for the boomers of course. But the windfall inheritances of their children will be smaller and possibly used to increase equity in their own homes.
However I’d imagine the net effect would possibly be to increase demand rather than reduce it. Arguably those inheriting would be more likely to spend than their probably more conservative parents.
top blog entry AC, as usual. Thank you
I'm a newbie to this general substack system. Seems good. How does that joint subscribe thing work? It seems like a very good idea. How is it set up?
(Sorry if it’s against the rules to ask that here).
Thanks for an very interesting article. Stuff you’re unlikely to read elsewhere. It appears equity withdrawal is all the go. It doesn’t surprise me though. You’re of course unlikely to read much about this in the mainstream media. But that doesn’t surprise me either.
However I fail to see the point of the article. Maybe it’s just me. Are you saying it’s significantly reducing the effectiveness of interest rate policy in getting inflation down?
Cracking stuff. Well researched and reasoned
Thanks Scott, I'm glad it hit the mark.