Macro Musings with David Beckworth cover image

Ricardo Reis on the Macroeconomics of Financial Crises and the Recent Inflation Surge

Macro Musings with David Beckworth

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The Charles Goodhart Story Is Going to Dominate the Other One

Charles Goodhart argues the aging population will begin to spend out all their savings. But there's another view that goes something like this: The world's demographics are getting worse. We're living longer, getting older Therefore, we need to save more. There's two countervailing forces at play in terms of saving and risk-averse portfolios.

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