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Old 02-05-2012, 12:23 PM   #62 (permalink)
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Inflation unforeseen?

Maybe most of us here are too young to remember 1976-1980 at least in the US.
Try paying a mortgage today when the interest is 18%.
Or asking for an 18% raise in pay to just make the same money you made last year, then add another 10%, totalling 28% A YEAR, to cover the higher taxes on the inflated income.

The only reason we don't have much higher inflation in the US today? Your home values are going down the toilet.

Sorry folks, that don't pay the grocery bill, gas bill, or any other bill you have, and not a single one of them is going down any time soon.

regards
Mech
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