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Politics : View from the Center and Left

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To: Steve Lokness who wrote (257850)	8/8/2014 6:13:06 PM
From: research1234	Read Replies (2) of 541489

I bought my first house in the early 1980's, and I found high inflation/interest rates to be no big deal. House carrying costs including interest were a reasonable proportion of income, and incomes went up fairly rapidly year over year so that most workers kept pace or did better than inflation. The big losers were folks on fixed income. Sometime in the next ten or twenty years, I expect we will have another bout of high inflation as a way to monetize US debt. Hence I do not plan to ever be into bonds in any significant way.

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