/biz/ - Business & Finance

Anonymous Mon Aug 10 15:49:42 2020 No.21232989 [View]
File: 109 KB, 1047x585, just inflate my shit.jpg [View same] [iqdb] [saucenao] [google]

>>21232451
More on the loan idea. June PCE inflation was 4.5%
That means my $40k loan is only worth $38k now. When the bank gets their money back next year it will be worth probably $30k in todays dollars.

When I took the loan I was looking at the $DXY (which is down 8% since May), but looking at PCE gives it more merit. The Feds 12-month inflation target is 2%. They are hitting it from all angles at this point, I can't see how inflation slows down.

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/biz/ - Business & Finance

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