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by bombcar
758 days ago
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I should have worded that better - by "hold debt" I mean people who are paying the debts, especially things like fixed rate mortgages. If you borrowed $500k to buy your house at 3% and we hit 10% inflation, you look like a financial wizard pretty fast. If you bought non-TIPS bonds during that time to finance your retirement, you may end up nearly destitute. |
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