Thread: Do you think there is any chance of Deflation in the US ?
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Old 05-15-2008, 06:56 PM  
Kard63
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Quote:
Originally Posted by SAC View Post
Deflation sure sounds good to the average person, but deflation is actually a 100x's worse than inflation. With deflation incomes and prices fall, however debt payments (car, mortgage, boat loans, etc) stay the same. Loads of people default and the economy tumbles hard...amongst other problems...
If it sounds good to the average person then the average person doesn't understand, lol. I don't have debt of any kind and I have loot in the bank.
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