Reader Note: Today is a free email available to everyone. If you would like to receive these letters each morning, please subscribe to become a paying member of The Pomp Letter by clicking here. To investors, Everyone saw inflation spike in 2021 and 2022. You could feel it in the economy. Goods and services got more expensive. A single meal at a restaurant would shock you. Filling up your car at the gas pump became a horror show. The world had gone crazy and you were left wondering when it would end.
Your conclusion hit the nail on the head. Decades of deficit spending and the erosion of the purchasing power of the dollar has destroyed home affordability for the next generation. We should be ashamed of ourselves.
Is this maximising use of resources? Or a decline in ambition?
Insightful read
Your conclusion hit the nail on the head. Decades of deficit spending and the erosion of the purchasing power of the dollar has destroyed home affordability for the next generation. We should be ashamed of ourselves.