Inflation is Here to Stay .:. Hump Day Easy Talk
Long time no see on camera! It's time for a bit of talk about the hot topic these days, and probably more days in the future... Inflation is here, and it's here to stay... In my opinion, the damage made by crazy money printing during the last 2 years is too big to be ignored and the consequences will stay for a while...
Yesterday, I had an interesting conversation in the bar (where else? lol...) about inflation, and current situation in the economy, and most important, among ordinary people... The conclusion was that there is still "money on the streets" which directly means that inflation will continue to rise until printed money "disappears"... Prices are going up, cash is being devalued, but everyone waits for the flipping! The moment when most of the people don't have savings as then, the prices have to stop going up... It's a simple offer-demand situation... If there is no demand, prices go down...
The problem is visible on both sides... The industry tries to "protect" itself from inflation by raising the price even more than needed, calculating the losses in the future... and most consumers are trying to survive in this wild world... I know that crypto doesn't look too sexy at this moment, but it is all about the perspective... I still believe that crypto is still the healthiest asset at the moment...
Check out the video for more details and leave a comment with your opinion... This post is not financial advice of any kind...
Thank you for your valuable time,
~ph~
Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
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I think inflation can only go so far before people stop spending as much (less money available) or people lose faith in the currency. I tend to think it's the first though so I don't think it will continue to go up as fast.
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It will stop when there is no demand and that will happen when people will not have money in their pockets... If your wage is not going up as fast as inflation, you will have less and less money... and eventually, you will stay without it...
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.The only question here is will the prices really drop at the end, or these will be the new normal prices and wages/people's earnings will slowly increase to be able to afford them (through inflation)? If the latter is the case, then keeping cash during the inflation period is good only if you have enough to buy struggling businesses very cheaply. Otherwise, cash devalues if it's not protected against inflation, and if prices don't drop, it's not a good perspective.
Prices of goods will probably just stop going up and I doubt that we will ever see the same prices as before... That happened many times in the past and will happen in the future... Maybe just a temporary drop is possible, but for a very short time...
On the other side, businesses will collapse, and you will be able to buy stocks, or whole businesses for a cheap price... the same can happen for some cryptos... But we will see...
I agree one, inflation will just "eat the value", but for the other, it is may be worth waiting...
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That sounds totally insane, but we are experiencing these multiple price increases everywhere except in our wages!!
Holding debt now seems the best thing to do.
Oh, it's the way it WORKS! The whole idea around inflation and "fixing" the problem is that wages NEVER follow the prices at the same pace... It's always a couple of months (or even more) delay until they catch up (if they ever catch up)...
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