Friday, May 30, 2008

Inflation Will Eat Your Raise

Inflation has been under reported the last 3 years by the U.S. government.

It's now eating our lunch.

Fuel prices, food prices will continue to skyrocket.

Morgan over at Blown Mortgage Blog has a compelling post on this subject, which I highly recommend.

No tax rebate check is going to change the fact that inflation is starting to destroy the American economy.

Inflation will only cause greater pause for those in Orange County California with a high debt ratio and tight household budgets.

Should they get out of renting and buy into a condo or single family home now under current economic conditions and the impact of inflation?

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