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Cattle Boards
Trucks, Tractors & Machinery
New Ford Maverick at a bare-bones price....
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<blockquote data-quote="greybeard" data-source="post: 1759379" data-attributes="member: 18945"><p>stagflation.</p><p>Prices rise, wages rise to match so spending continues as before price increases but the economy itself (GDP) doesn't grow. Personal also debt plays a big part of the spend aspect of it. . An ever upward earn/spend spiral until collapse comes. 70s were stagflation years but without the easy personal debt we see today. In today's world of easy borrowing (credit card debt) debt takes the place of high unemployment usually associated with stagflation..</p></blockquote><p></p>
[QUOTE="greybeard, post: 1759379, member: 18945"] stagflation. Prices rise, wages rise to match so spending continues as before price increases but the economy itself (GDP) doesn't grow. Personal also debt plays a big part of the spend aspect of it. . An ever upward earn/spend spiral until collapse comes. 70s were stagflation years but without the easy personal debt we see today. In today's world of easy borrowing (credit card debt) debt takes the place of high unemployment usually associated with stagflation.. [/QUOTE]
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New Ford Maverick at a bare-bones price....
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