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Billionaires Dumping Stocks, Economist Knows Why
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<blockquote data-quote="Catatonic" data-source="post: 1104383" data-attributes="member: 7966"><p>The rates you refer to are the interest rates.</p><p>Agree with what you say.</p><p>Inflation is the 100,000 pound gorilla that is sitting in the backroom ready to come out.</p><p>The easing of the rates upwards will have to be carefully managed or inflation will erode the savings of retirees and other investors.</p><p>There is little chance that we will see the borderline hyper-inflation rates of the Carter/Volcker period but 7 - 8 % is very possible.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1104383, member: 7966"] The rates you refer to are the interest rates. Agree with what you say. Inflation is the 100,000 pound gorilla that is sitting in the backroom ready to come out. The easing of the rates upwards will have to be carefully managed or inflation will erode the savings of retirees and other investors. There is little chance that we will see the borderline hyper-inflation rates of the Carter/Volcker period but 7 - 8 % is very possible. [/QUOTE]
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