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Inflation or Deflation ahead?

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  1. #171

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    Dec 2002
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    Going the other direction in China...

    https://www.cnbc.com/2022/01/20/chin...ar-5-year.html


  2. #172

    Join Date
    May 2021
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    336
    Quote Originally Posted by huja:
    I think about my parents' double-digit mortgage interest rate in the late 1970's and shake my head in amazement at the rates today.
    Lol, think about not too far down the memory lane, 10-11% mortgage rate pre-97 in HK and the rate vs property prices today and how market is beyond complecent about rates these days!! If 20th century was industrial revoluation, 21st is the cenruty of financial revolution/reengeneering..

  3. #173

  4. #174

    Join Date
    Jun 2010
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    Quote Originally Posted by huja:
    The business model of the F&B industry is completely out of whack in the U.S. Servers have to tolerate arsehole customers because they depend on tips to actually earn any sort of money. The cooks and other "back of the house" workers don't get to share in the tips and are underpaid. Customers complain about paying $8 for coffee drinks and $15 for avocado toast. Restaurants had an extraordinarily high rate of failure even before the pandemic. Most surviving restaurants are just barely making money. It's hard to find an economic winner in this business model.
    https://www.economist.com/business/2...4PQPIkWhTrz3Q4

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