Posted by sotxbill on December 18, 2015 at 07:42:24 from (104.5.24.112):
In Reply to: Troubling Thrusday posted by IaGary on December 17, 2015 at 04:56:45:
Quoting Removed, click Modern View to see
I remember paying 16% interest on a house and glad to get it as the rates were sky high. And your dollar bought less and less every day. Some how, I dont understand your statement. Bank loans were high. Business loans and bonds were high, and all those costs were passed to the consumer. Yes you made more money in the savings account, but would buy you less at the end of the year.
Folks on low or a fixed income were screwed, blued and tatooed... Most were down to eating dog food. Only union workers with "cost of living" were protected at the expense of everyone else.
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