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To: rbosque
Actually I think we will have a big scoop of both. The situation will mirror the stagflation of the Carter years only much much worse.

Everyone I know is hunkering down and conserving cash and increasing savings. Our national rate which was negative a few years ago is now up to 6% which is big for us.

At the same time, basic costs are on the rise.

We are in for a rough ride.

5 posted on 08/04/2010 3:18:06 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Jimmy Valentine

Yes we are and most people are concerned with life’s trivial matters. Our debt has grown to unsustainable levels and our corrupt politicians show no sign of stopping their idiotic spending.


13 posted on 08/04/2010 11:40:43 AM PDT by rbosque (11 year Freeper! Combat Economist.)
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