[quote=AN][quote=flu]Morale of the story…..borrow as much as you can at these ridiculous fixed term rates. Because in a few years this is gonna look cheap.[/quote]That’s the way I felt when the interest rate I get from a CD drop bellow 3%. It has been working well so far. Here’s to hope that we’ll see a repeat of 1970-80.[/quote]
1970-80 U.S.A. Cities looked more like Asia cities as far as smog an most people smoked (it was the cool thing to do) and people were expect to (and generally did) only live 1 or 2 maybe 5 years past retirement.
That would not be kind to the current crop of retirees so there is a lot of resistance right now to ANY!!! inflation.
But yea that is really the only way out baring a major flush down the toilet of the economy.
