Dunno what JPM is upto, because 8 % rates will kill the economy stone dead…….taxes will have to go through the roof just to pay part of those increases….I haven’t the numbers but the numbers would be terrifying.
One tourist tax in France has trebled this year, from a v low base yes…but ….another tax on yr home has risen by 60 % for 2nd homes, again from a low base……we in the UK are looking at a 60 % increase in water rates ,in my area due to the Company going bust tks to the debt loaded onto it by Private Equity scumbags…… u get the picture….all the government costs, tks to massive wages are running up the debt and now rates are rising……the horror starts….