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Old 06-28-2016, 02:30 PM   #100
Buehler445 Buehler445 is offline
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Quote:
Originally Posted by Amnorix View Post
Part of the answer was inflation was sky high. Year over year income was increasing dramatically too.

Basically, take all your income, your obligations, your assets, and add a zero to everything year over year, and you sort of get to the same result. Everything is the same, just "more".

The people that got screwed were people that were laid off, or on fixed income, etc., or who were just sitting on cash and not deploying it. Then you get killed becuase costs/expenses are increasing dramatically, but income isn't.
Not really. In the 70s it was that way. Inflation is the reason the fed hacked the interest rates through the roof. At the peak of the interest rates, the fed had quite effectively slowed the economy and put a cork in inflation. Then you had the recession. Ag works independently but similar things happened. Land values tanked and all the balance sheet loans that were made in the 80s were suddenly unable to be serviced without the inflation.

Good times had by all. And by all I mean no one.
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