If you're under 40 years old, and live in the West, then the only world you've ever known is one of declining interest rates and reducing inflation expectations. In this world, inflation happens in textbooks and far away places. Last week, I tried to show that it wasn't always so.
Mortgage Debt As Inflation Insurance
Mortgage Debt As Inflation Insurance
Mortgage Debt As Inflation Insurance
If you're under 40 years old, and live in the West, then the only world you've ever known is one of declining interest rates and reducing inflation expectations. In this world, inflation happens in textbooks and far away places. Last week, I tried to show that it wasn't always so.