LRDave
Thinks s/he gets paid by the post
If one of y'all got that crystal ball, bring it out.
I fear the specter of high inflation worse than I do the potential ups-and-downs of markets in the next 30 years. I am 58 years old and as I caution my younger friends (40s & below) about the impact of high inflation, they sort of stare at me like I've got a 3rd eyeball in my forehead. When I tell them my first house had a 15.5% mortgage rate for a 30 year loan (1981), they think I must be the stupidest guy around. (This is neither proved nor disproved by the previous statement).
I am looking at the historical causes of periods or high inflation. I am not sure commodities are going to go up in an uncontrolled manner. We've shown that we can achieve productivity gains without commensurate increases in wages. Healthcare I get - will the market continue to spiral up so that it moves the needle? Tell me what is going to cause high/runaway inflation?
I am sure I am missing something obvious...... TIA for your comments.
I fear the specter of high inflation worse than I do the potential ups-and-downs of markets in the next 30 years. I am 58 years old and as I caution my younger friends (40s & below) about the impact of high inflation, they sort of stare at me like I've got a 3rd eyeball in my forehead. When I tell them my first house had a 15.5% mortgage rate for a 30 year loan (1981), they think I must be the stupidest guy around. (This is neither proved nor disproved by the previous statement).
I am looking at the historical causes of periods or high inflation. I am not sure commodities are going to go up in an uncontrolled manner. We've shown that we can achieve productivity gains without commensurate increases in wages. Healthcare I get - will the market continue to spiral up so that it moves the needle? Tell me what is going to cause high/runaway inflation?
I am sure I am missing something obvious...... TIA for your comments.