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Also, any new debts being created will tend to price in the inflation with a higher interest rate.
by jbay808 5y ago
Also, any new debts being created will tend to price in the inflation with a higher interest rate.
- bluGill 5y agoThose are a minority of all debts by total value. People won't refinacne to a higher rate, and those who get high rates plan to refinancing in a few years when rates improve (might not happen but that is the plan) For a bit over half of Americans inflation is good for their situation over 10 years.