In theory people with a lot of debt should welcome inflation (it makes their debts smaller) and people with a lot of savings should hate it (it makes their savings smaller).
Never know who's who.  That boat could be paid off or he might be drowning in debt.
But in reality nobody likes inflation.  We are not rational creatures and we don't care what theory says.

Well in this case I can agree you are half correct.  People with savings have less buying power due to inflation and would not like it.

Your take on people with debt is a bit incorrect. The debt is unchanged, it stays the same. Your salary is unchanged so there is no effect, on the debt, but living costs rise giving a person fewer dollars to pay the loan back. People would not like this either. It can even get worse as unless you have a fixed rate loan rates go up and payments grow.  That is the downside risk of variable rate loans.

In theory, he's correct about debt.  Inflation benefits debtors, because they pay back their debts with money that is worth less than it was when they borrowed it.  Whether inflation benefits a person in totality is a different question.  But just in terms of the money you borrowed and the money you pay it back with, inflation is a benefit.

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Well in this case I can agree you are half correct.  People with savings have less buying power due to inflation and would not like it.

Your take on people with debt is a bit incorrect. The debt is unchanged, it stays the same. Your salary is unchanged so there is no effect, on the debt, but living costs rise giving a person fewer dollars to pay the loan back. People would not like this either. It can even get worse as unless you have a fixed rate loan rates go up and payments grow.  That is the downside risk of variable rate loans.

In theory, he's correct about debt.  Inflation benefits debtors, because they pay back their debts with money that is worth less than it was when they borrowed it.  Whether inflation benefits a person in totality is a different question.  But just in terms of the money you borrowed and the money you pay it back with, inflation is a benefit.

Does it benefit the debtor, or hurt the creditor? As pointed out, the debt remains the same for the borrower, the value of that money affects the creditor.

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https://twitter.com/cb_doge/status/18370...DVv0g&s=19

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In theory, he's correct about debt.  Inflation benefits debtors, because they pay back their debts with money that is worth less than it was when they borrowed it.  Whether inflation benefits a person in totality is a different question.  But just in terms of the money you borrowed and the money you pay it back with, inflation is a benefit.

Does it benefit the debtor, or hurt the creditor? As pointed out, the debt remains the same for the borrower, the value of that money affects the creditor.

Theoretically, it benefits the debtor and hurts the creditor.  Someone borrows a dollar that is worth a dollar and pays it back with dollars that are worth less than the dollars they borrowed.

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Bath house romance..

https://twitter.com/RealJamesWoods/statu...F0zVQ&s=19

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https://youtu.be/9WHJyCNiiYQ?si=xF9iQ7C7DuJbN-US

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"What do I know of cultured ways, the gilt, the craft and the lie? I, who was born in a naked land and bred in the open sky. The subtle tongue, the sophist guile, they fail when the broadswords sing; Rush in and die, dogs - I was a man before I was a king."

Does it benefit the debtor, or hurt the creditor? As pointed out, the debt remains the same for the borrower, the value of that money affects the creditor.

Theoretically, it benefits the debtor and hurts the creditor.  Someone borrows a dollar that is worth a dollar and pays it back with dollars that are worth less than the dollars they borrowed.

LOL,

In theory this is true, but ONLY if wages rise more than inflation.  This was the situation, but March 2021 inflation began outstripping wages. Inflation rose 2.2% faster than wages until 2/23.  Inflation has now returned to being 2.1% less than inflation. (Funny how if you compare gas prices to this it is pretty much the identical curve)  So we are all good right? Well in a word not so much. We measure inflation on a year over year basis, all cost do not revert back to previous levels.  

https://www.statista.com/statistics/1351...lation-us/

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A new broom always sweeps clean.

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Well in this case I can agree you are half correct.  People with savings have less buying power due to inflation and would not like it.

Your take on people with debt is a bit incorrect. The debt is unchanged, it stays the same. Your salary is unchanged so there is no effect, on the debt, but living costs rise giving a person fewer dollars to pay the loan back. People would not like this either. It can even get worse as unless you have a fixed rate loan rates go up and payments grow.  That is the downside risk of variable rate loans.

In theory, he's correct about debt.  Inflation benefits debtors, because they pay back their debts with money that is worth less than it was when they borrowed it.  Whether inflation benefits a person in totality is a different question.  But just in terms of the money you borrowed and the money you pay it back with, inflation is a benefit.

In a vacuum perhaps.  $100 owed as debt might be less valuable but that $100 isn’t going as far as it did at the gas pump nor the grocery store either.

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Original Season Ticket Holder - Retired  1995 - 2020


At some point you just have to let go of what you thought should happen and live in what is happening.
 

All they do is lie and repeat the lie..

https://twitter.com/TimRunsHisMouth/stat...EGEdw&s=19

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"What do I know of cultured ways, the gilt, the craft and the lie? I, who was born in a naked land and bred in the open sky. The subtle tongue, the sophist guile, they fail when the broadswords sing; Rush in and die, dogs - I was a man before I was a king."

In theory, he's correct about debt.  Inflation benefits debtors, because they pay back their debts with money that is worth less than it was when they borrowed it.  Whether inflation benefits a person in totality is a different question.  But just in terms of the money you borrowed and the money you pay it back with, inflation is a benefit.

In a vacuum perhaps.  $100 owed as debt might be less valuable but that $100 isn’t going as far as it did at the gas pump nor the grocery store either.

You are exactly correct. The Fed uses core CP. It is at 2.6 currently (I believe) this measure excludes ENERGY and FOOD costs. So what you are seeing and feeling is correct. That is an additional negative on top of what I was talking about. 

https://www.forbes.com/advisor/investing/pce-inflation/

I only posted what I did because someone said the below which was in my opinion incorrect and demeaning of people.

"In theory people with a lot of debt should welcome inflation (it makes their debts smaller) and people with a lot of savings should hate it (it makes their savings smaller).
[i] Never know who's who.  That boat could be paid off or he might be drowning in debt.
But in reality nobody likes inflation.  We are not rational creatures and we don't care what theory says."

There are a lot of theories that seem to be sound but do not work in real life as they don't include factors that would not allow them to work based on agendas....LOL

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A new broom always sweeps clean.

https://youtu.be/yN2F15-eLAU?si=N9z6UOKL1m1OXc38

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"What do I know of cultured ways, the gilt, the craft and the lie? I, who was born in a naked land and bred in the open sky. The subtle tongue, the sophist guile, they fail when the broadswords sing; Rush in and die, dogs - I was a man before I was a king."

This is nuts.. Another reason why our kids are failing..

https://twitter.com/PicturesFoIder/statu...zYgVQ&s=19

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Pretty good interview with Tulsi on CNN..

https://twitter.com/TulsiGabbard/status/...jTthw&s=19

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In a vacuum perhaps.  $100 owed as debt might be less valuable but that $100 isn’t going as far as it did at the gas pump nor the grocery store either.

You are exactly correct. The Fed uses core CP. It is at 2.6 currently (I believe) this measure excludes ENERGY and FOOD costs. So what you are seeing and feeling is correct. That is an additional negative on top of what I was talking about. 

https://www.forbes.com/advisor/investing/pce-inflation/

I only posted what I did because someone said the below which was in my opinion incorrect and demeaning of people.

"In theory people with a lot of debt should welcome inflation (it makes their debts smaller) and people with a lot of savings should hate it (it makes their savings smaller).
[i] Never know who's who.  That boat could be paid off or he might be drowning in debt.
But in reality nobody likes inflation.  We are not rational creatures and we don't care what theory says."

There are a lot of theories that seem to be sound but do not work in real life as they don't include factors that would not allow them to work based on agendas....LOL
[/i]

My comment was not intended to demean people.  Humans are primarily social and emotional creatures. Just is what it is.  We are rational from time to time but not most of the time.

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My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.

https://youtu.be/yN2F15-eLAU?si=N9z6UOKL1m1OXc38

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Ok, let me get this straight. We could all go to New York and claim to be migrants from Florida and get paid $4,000 to leave ?  PARTY TIME !!!!   lol

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A new broom always sweeps clean.

https://youtu.be/no7EVzfQNeQ?si=V-pR460aARv6lFta

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"What do I know of cultured ways, the gilt, the craft and the lie? I, who was born in a naked land and bred in the open sky. The subtle tongue, the sophist guile, they fail when the broadswords sing; Rush in and die, dogs - I was a man before I was a king."

https://youtu.be/Wk__mZBZ91E?si=JLb4GgHKVArtswjz

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"What do I know of cultured ways, the gilt, the craft and the lie? I, who was born in a naked land and bred in the open sky. The subtle tongue, the sophist guile, they fail when the broadswords sing; Rush in and die, dogs - I was a man before I was a king."

Another piece of the puzzle falls into the picture..

https://twitter.com/LeadingReport/status...9EbDw&s=19

BREAKING: Trump did, in fact, notify top Pentagon officials of his desire for National Guard deployment on January 6, according to transcripts.

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