Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything.
Click here for non-Flash version.click ► to listen:
Right click here and select ‘Save Link As…’ to download the mp3 file.
Click here for non-Flash version.click ► to listen:
Right click here and select ‘Save Link As…’ to download the mp3 file.
Inflation is good for consumers, it means they can pay off debt easier, but it’s bad for banks because because consumers can pay off debt sooner.
Only if the consumer’s income increase at the same pace as the inflation. My income, sadly, does not.
Depends on which consumers.
Consumers who spend the minimum but try to save up for a nest egg will watch their savings get plundered by hyper-inflation.
But on the flip side, consumers who have no fiscal responsibility and put themselves into perpetual high debt will be rewarded for their bad behavior.
In other words, another way to redistribute wealth on a grand scale.
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bye
Guyver says, in part:
“… consumers who have no fiscal responsibility and put themselves into perpetual high debt will be rewarded for their bad behavior.”
Governments too.