Warmi Posted June 29, 2022 Report Share Posted June 29, 2022 With rates going up and up and cheap money quickly drying out , soon all of that house/boat/plane purchasing madness will cool down … Quote Link to comment Share on other sites More sharing options...
FlyingMonkey Posted June 30, 2022 Report Share Posted June 30, 2022 18 hours ago, Warmi said: With rates going up and up and cheap money quickly drying out , soon all of that house/boat/plane purchasing madness will cool down … I agree, there's a good chance the inflation period we're in right now will reverse to deflation. A lot of people think deflation is terrible, I do not. Inflation is a hidden tax on all money and forces companies and individuals into a cycle of yield-chasing that increases economic risk for all participants. Of course if the Fed fumbles the ball (very likely), the inflation cycle will accelerate and costs will keep going up even more. The Fed has painted itself into a corner where they have to choose between torching the stock market and torching the value of the dollar. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.