If you are the owner of either cash or securities, or if you have debt of any kind, or if you work for a living, this issue will effect your life.
Inflation or Deflation ?
- Thread starter dotslashfuture
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I discussed this with a group of people at work today. Us Europeans are mystified by the level of average personal debt that US families carry. It is way more than we could stomach.
When I lived in the states I had a friend who bought a $17k boat on his credit card.:eek:
CNBC reported the other day that the national debt is = $66k per household. Not much wiggle room for fiscal correction there.
It seems that the saviour is continued productivity gains so I for one hope it maintains positive.
mike, there are americans that are mystified by the current debt levels as well. What I am thinking about mostly is will we simply inflate our way out of it or not?