10-17-2011, 08:30 PM
Well, the structural fear of inflation now is more severe, because the interest rates have been synthetically held VERY low for a long time. Since we ARE in an inflationary environment, it's just inflation of prices, not wages (much). Net wages are still dropping in this country, but net prices are increasing.
I remember the early 80's, and how.. difficult it was. I was just starting out then, and man... it was difficult. 18% mortgage, anyone ?
I remember the early 80's, and how.. difficult it was. I was just starting out then, and man... it was difficult. 18% mortgage, anyone ?