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A comment on For the First Time, the Fed Is Losing Money. Parent comment
I’m not sure if poor or “working class” demographics have enough exposure to fixed rate debt to make inflation a net gain.
If they are homeowners, likely it is: most people knew better to take out ARMs this time around.
Not a homeowner? Tough to conclude that rising rates is a net win here …
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I’m not sure if poor or “working class” demographics have enough exposure to fixed rate debt to make inflation a net gain.
If they are homeowners, likely it is: most people knew better to take out ARMs this time around.
Not a homeowner? Tough to conclude that rising rates is a net win here …