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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (9595)7/20/2004 7:51:06 PM
From: Perspective  Read Replies (5) | Respond to of 116555
 
Well, inflation benefits any entity with a debt/equity ratio above 1.0. How many poor do you know who have less debt than equity? Also, the extent to which it benefits those with debt/equity above 1.0 must be compared to their present wage-earning ability.

All the people whose home mortgage debt dwarfs their personal equity and income generation are benefitted by rising inflation. That specifically excludes the wealthy.

BC