Quote:
Originally Posted by Black968
Big picture, when interest rates rise people's net worth goes down, that's how it is. Even the rich are losing money at the moment. Markets down, Inflation up, costs up etc. Economics 101. Not even sure you could get a loan on an old car, but what do I know, I'm cash only.
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Inflation will drive prices up. Owning an asset during inflation protects you from the depreciation of cash.
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