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TonyJoe1957

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TonyJoe1957

Re: long uoip post# 93645

Friday, 04/01/2022 10:14:08 AM

Friday, April 01, 2022 10:14:08 AM

Post# of 96907
Everyone waiting to get paid lost at least 5.25% purchasing power over the last 9 months, if you believe inflation is running at only 7% (I think it is higher):
7% x 9 / 12 = 5.25%

In a low or no inflation environment, legal delays to grind your opponent down could make sense, depending on legal fees.

In a high inflation environment, you still pay the legal fees, but lose much, much more, and quickly!
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