The cycle is always the same, recession, QE, massive inflation. It's coming ... and as someone with no debt, I can't wait. Bring it on!
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actually massive inflation helps those with debt as the real value of their debt decreases over timeOriginally posted by Jeebo72 View PostCoffee's for closersComment
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Umm, why would you want massive inflation if you have no debt?Originally posted by Jeebo72 View Post
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Yes true, it depends on the debt though.Originally posted by Spacecadet View Post
If someone is in debt with credit cards up to their eyeballs and struggling to pay the amount due every month along with the usual day to day stuff then they will be in trouble in the future due to their wage not increasing with inflation (unless Labour gain power again and then for a while everything will be rosy, until Hyper inflation and then IMF time) and the credit card interest rate increasing every month or so. If however someone is in debt with a fixed rate mortgage then they will be making the same payments each month but the real value of their mortgage will be going down.
Good luck everyone, the next 2 - 4 years are going to be interesting.Last edited by worzelGummidge; 3 November 2009, 17:07.Comment
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