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> The central bank is 100% confident that they are on the brink of deflationary spiral; much like Greece or Japan. Is this a good thing for people who hold ca
by apta 7y ago
> The central bank is 100% confident that they are on the brink of deflationary spiral; much like Greece or Japan.
Is this a good thing for people who hold cash assets? Meaning, would you be able to buy say a $40,000 car for $20,000 in case this happens?
- sleepysysadmin 7y agoThat's the problem in Japan. That $40,000 car will be say $38,000 next year; so why would you buy it now? The problem is that when people do that, it means people arent spending money resulting in more deflation.