Thursday, 1 March 2018
How Scary Is Inflation??? (2)
Read? How Scary Is Inflation???
Ask your parents, grand-parents or great grand-parents how did they survive years and years of inflation?
Did they break down due to inflation?
Ask your parents or grand-parents who were serious retail investors pre AFC days and did they break down due to their investment losses and chopped fingers and never never touch the stock market ever again?
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My father's boss went bankrupt in the mid 70s as his company had fixed price contracts during the oil shocks.
ReplyDeleteCW,
ReplyDeleteAs a fun exercise, your readers may want to do a bit of financial history research this weekend to see which asset classes did well and poorly during the inflationary 70s.
The answer may surprise them ;)
But then, they will say last time is last time; this time its different!
So with those immortable words, they win liao lor!
LOL!
This time is Bitcoins.
Delete