4 ms·
Corporate balance sheets are good on the debt front. Corporate cash stockpiles are high. Meanwhile Average Joe is carrying a lot of debt and no cash. I know w
by ftlio 10y ago
Corporate balance sheets are good on the debt front. Corporate cash stockpiles are high. Meanwhile Average Joe is carrying a lot of debt and no cash. I know wages would lag behind the curve as they always do, but doesn't Average Joe (especially young Average Joe) stand to gain from an ensuing high inflation scenario?
- fauigerzigerk 10y agoOnly if Average Joe's debt is fixed rate and his skills are valuable enough to demand a raise.