As always, lucid and on point. I don't know how close we are to the economy being totally out of whack, but I do know we are closer than is safe and it's already a calamity for way too many good folks let alone those who volunteered to hang themselves. Thanks for flashing the warning, again.
This article is BS. If 81% of people have mortgage less than 6% they are NOT trapped. Their mortgage payments are not increasing. Mortgage payments only increase when people do stupid things like buying a house and assuming a mortgage more than they can afford. Inflation is a different story. Things do cost more but smart consumers find a way to compensate. FYI…. Don’t believe everything you read!!
This is why inflation is a government-induced problem: When things go REALLY awful, they have no other solution. Because if they had a real solution, they would have tried it before the iceberg is visible from the stern.
How can we print more money when we are 37 trillion dollars in debt? No wonder gold has gone so high...
As always, lucid and on point. I don't know how close we are to the economy being totally out of whack, but I do know we are closer than is safe and it's already a calamity for way too many good folks let alone those who volunteered to hang themselves. Thanks for flashing the warning, again.
This article is BS. If 81% of people have mortgage less than 6% they are NOT trapped. Their mortgage payments are not increasing. Mortgage payments only increase when people do stupid things like buying a house and assuming a mortgage more than they can afford. Inflation is a different story. Things do cost more but smart consumers find a way to compensate. FYI…. Don’t believe everything you read!!
Thank you. Good clarification.
This is why inflation is a government-induced problem: When things go REALLY awful, they have no other solution. Because if they had a real solution, they would have tried it before the iceberg is visible from the stern.