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What did you experience the last time significant inflation occurred? Did you observe any early indicators then on that you're looking out for now?
by ra1n85 6y ago
What did you experience the last time significant inflation occurred? Did you observe any early indicators then on that you're looking out for now?
- mcfly1985 6y agoLuckily I was young and didn't have much to lose. We didn't experience hyperinflation, maybe something like 40-50% change in prices. I was hourly at the time but it took a while before I felt like my purchasing power was back to being on-par with what it was prior. When people started to feel prices were rising, everyone ran out to buy electronics -- tvs, stereos, anything. The hope was they'd be able to re-sell them at a good price. I've learned that inflation is uneven - it doesn't uniformly increase prices everywhere. In the US I just watch the charts of M1.