One is aware that prices are rising but only when facing The Economist table (left) do we discover that the inflaton is a general worldwide phenomenon. "All items" rose
30% in US dollars this year, meaning that the dollar has been
devalued 30%. This is unheard of, while the papers say that inflation is non-existent and
there is no danger of inflation! People who put their savings in the Bourse are dollar millionaires. But that means little, like the billion Reichmarks banknote that could not buy a piece of bread.
FORBES says there is no
core inflation Airline tickets were cheap a year ago when no one was flying, and now they are just returning to their former level. Is that true?
Who is enjoying inflation?
Those having unindexed debts.
I can get unindexed bank loans but the interest rate, now very modest 3%, is changeable. In what to invest? Real estate? I am so old that everything I do is for my daughters who don't need it.
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