On Friday, the equivalent of 15 percent of the world’s supply of mined gold was dumped.
In the unlikely event of deflation, would the widening gap between rich and middle class worsen? Let’s start with two tenets of deflation: The value of money increases as prices for goods and services drop. The value of a loan’s interest rate effectively goes up, since you are paying for an item (a home,
I just finished a story on deflation for Bankrate, it should be up next week. One thing I didn’t know about deflation prior to last week is that it can be very bad for investments. Obviously, I didn’t know a whole lot about deflation. In my defense, it’s a state of affairs that barely any