Quote:
Originally Posted by wdmso
Same thing happened in the 1990
My mortgage interest rate was 10%
we survived and we’ll survive again
It could alway be worse UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar
It’s global
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i didn’t hear anyone suggest we won’t survive. But some pain is probably coming. also some opportunity.
inflation is global. but (1) that doesn’t mean we didn’t make stupid
mistakes in both parties, to make it worse than it needed to be. And (2) covid was also global and you never once brought that up when trump was potus. How about a speck of honesty.
the feds out way, way too much money in circulation. Increasing the supply of something will decrease the value of that something. Even if that something is money.