Why America's economy is soaring ahead of its rivals

Re:Why America's economy is soaring ahead of its rivals by acchow on Wednesday December 04, 2024 @03:06PM (#42321476)

You nailed it. This was the case across all developed economies, a direct result of money printing.

You did especially well if you had assets bought with borrowed money since your gains were leveraged and your loan principal inflated away.

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Re:Why America's economy is soaring ahead of its rivals by kwanbix on Wednesday December 04, 2024 @04:06PM (#42322051)

COVID only made it worst, as companies took advantage of COVID to inflate prices.

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Re:Why America's economy is soaring ahead of its rivals by matwood on Thursday December 05, 2024 @03:59AM (#42326316)

Exactly. And I'll brag and be frank at the same time. I couldn't afford to buy my house today in the US. I have no idea how new people afford to move into my neighborhood. But since I bought it at the end of the GFC and refied to 3% at some point, I have that house and now a house in Europe that I paid cash for that I'm in the process of renovating. That one bit of leverage I was able to grab onto in 2011 led to big changes over 10-15 years. I don't see that same opportunity for a lot of young people now, and that's a problem.

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