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bar1080

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bar1080

Re: VeronicaFox post# 1271

Tuesday, 05/12/2020 5:31:10 PM

Tuesday, May 12, 2020 5:31:10 PM

Post# of 1377
You can even "profit" from deflation, but the key trick is to preserve your savings. The cost of living plummeted about 1/3 during the depression. "Cash in the mattress" wasn't a bad deal compared to free falling stocks and failing banks.

Notice this story from today:

"Consumer prices post biggest decline since 2008 as coronavirus puts clamps on inflation"
"CPI shows 20% plunge in gas prices, airfares post record drop"

https://www.marketwatch.com/story/consumer-inflation-posts-biggest-decline-in-april-since-2008-as-prices-sink-cpi-shows-2020-05-12

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