|
There's been talk about changing the CPI basket of goods. The cost of food has been going up because we import most of it.
But, this country has a history of muddling through, no matter the circumstances. Even if we face stagflation, I don't see how the market will contract to the depths that some here feel it will (or are secretly wanting so that they can pick up the scraps). Sure, people at the margin will feel the pinch and will be forced to sell, but the vast majority will fight tooth and nail to keep their payments up. Data and charts don't tell the whole story.
|