Originally Posted by
GoldfishMan
I wouldn't call that a vicious cycle. It's simply every man for himself... If you don't jack up your price, your PPP will be swallowed up by the inflation. Gotta move with the times, not against it.
If I had to choose between seeing the price of everything going up and everyone getting a bigger pay check to keep up, vs prices staying the same but only a select few getting "wealthy", guess which one I would choose? Don't go calling me a Commie now, I just have a heart!
I wouldn't buy anything at the moment if I were you, we are nowhere near the bottom. Keep your eyes and ears peeled for news from the US tonight AEST. If you see 75 basis point rate hike being printed, sit back and watch the carnage unfold everywhere tomorrow.