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To: A.Hun

“One more bit of advice relating to the economy-shed every penny possible of debt in the next four months.”

Why do you say that?


537 posted on 11/06/2008 11:38:36 AM PST by Sunnyflorida (Unless you are nice and thoughtful you will be ignored. Write in Thomas Sowell.)
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To: Sunnyflorida
Why do you say that?

Deflation...the value of the dollar is going to rise dramatically as loans are no longer available. Incomes will fall in actual dollar amounts, while loan payments and mortgages remain the same.

That's why so many lost their homes in the Great Depression.

557 posted on 11/06/2008 11:45:12 AM PST by A.Hun (Common sense is no longer common.)
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