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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Proud Deplorable who wrote (90837)	1/26/2008 9:59:19 PM
From: sea_biscuit	Read Replies (3) of 110194

Article says : " If your income drops from $75,000 to $70,000 because the impact of declining purchasing power, that $500,000 [mortgage] gets more and more expensive. Yet if we have massive wage inflation (do you see this happening?) then that $500,000 won’t look so bad if your income jumps to $200,000 and your home is now valued at $700,000." I don't see wages increasing right now. But after the dollar is trashed Weimar style, meaningless wage increases can easily happen. Who knows, we may even have the Amero introduced by then! :-)

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