Home › Forums › Financial Markets/Economics › Why American is failing to prepare for their retirement? › SK in CV wrote:The-Shoveler
[quote=SK in CV][quote=The-Shoveler]You can only mask Inflation by using Cheap imported stuff (not assets) to measure for so long.
Then you realize your way behind the curve,[/quote]
Why is that? Is the cheap imported stuff going to run out? Is an iPhone not an asset? Is a cow? A bushel of wheat?
The problem is not importing too much stuff. The problem is not exporting enough stuff.[/quote]
All the more reason to cheapen you currency LOL.
because eventually real assets become so expensive you cannot afford to live.
OER and not tying minimum wage to inflation of assets, is what is really causing the middle class to disappear.
