[quote=teaboy][quote=threadkiller] One silver lining I guess to the inflation issue is my mortgage will definitely seem like less in a fairly short time period. Since it is my largest monthly cost I guess that is a good thing.[/quote]
I think that would only be true if there was wage inflation at least as large as the inflation in the cost of goods and services. I dont feel this is the case currently.
tb[/quote]
Exactly right, teaboy. They’ve managed to convince the masses that inflation is good, because people make the assumption that “wage inflation” is part of “inflation.” That’s not necessarily true, and hasn’t been the case in the U.S. for a long time. Asset price/cost inflation, without corresponding wage inflation is the WORST thing that could happen to us, economically-speaking, IMHO.
