Re:A $1.5T Wall of Debt Is Looming for US Commercial Properties
by prepend on Saturday April 08, 2023 @10:14PM
(#35499507)
Inflation is terrible for credit card debt as the card rate increases with inflation.
It’s great for fixed rate things on stuff that appreciates with inflation (eg, mortgages) but inflation is going to super hose people that have variable rate loans on nothing tangible.
It’s great for fixed rate things on stuff that appreciates with inflation (eg, mortgages) but inflation is going to super hose people that have variable rate loans on nothing tangible.