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| Inflation and the K shaped recovery. In the letter K, the vertical line is 2008, the upward diagonal line is the personal wealth of people who owned things since 2008, the downward vertical line is the personal wealth of young people starting out since the financial crisis of 2008. The governments answer to 2008 was to print money and bail out the banks, inflationary. If you own things such as a house, real estate, stocks, 401 k, you're doing very well, for a young person starting out it's very difficult getting a start in life such as buying your first home, part of the reason young people are voting for socialism. The average age of home buyers and first time home buyers has risen. So the administration is doing things to make life more affordable for the consumer such as talking down the price of beef, opening the boarders to imports, fifty year mortgages etc. I don't like it but it's reality, like when the president opens the strategic oil reserve to lower the price of gas. as a farmer I wish the government would attack our high priced inputs such as fertilizer, seed, chem, insurance, I wish I could import wind fire and farm liability insurance from some foreign country LOL. | |
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Who is the prick?
