Add to that the expense of retooling for the new technology they brought with them. A workable formula we can use to predict inflation. We will even see many items go down in price. This has already happened to housing prices in some parts of the country like Southern California. It may have even happened in your part of the world.
Interest rates are nothing more than a symptom of inflation.
That s goood. Lock in on fixed rates where possible. This may also be the best buying opportunity of the century. There will be numerous opportunities to become truly wealthy in the next 15-20 years. It s in your tea leaves.