Is inflation still your biggest fear?
Is inflation still your biggest fear?
It never has been my fear. With the debt loads in the world (never will be paid back) inflation is the only way to pay it back by debasing the currency. And inflation is rising everywhere. US is higher. In the UK, more than half of companies are planning to raise prices in the next three months as they face a “pressure cooker of rising costs and taxes”, according to one of the UK’s largest business groups. In Canada, inflation is biting at all levels up now 30% over 2 years ago.
However: NOTE: My biggest concern is the ever-increasing unemployment rate in Canada. Nationally 6.9%, 7.8 % in Ontario,7% in BC. (US stands at 4.1%) Out of a job? Can’t buy anything…