TenuredVulture wrote:pacino wrote:consumer confidence is up because old people feel great again. people under 35 ain't buying tickets for the #MAGA train. essentially, they're excited a republican is coming back.
https://twitter.com/TheStalwart/status/ ... 07/photo/1
Ironically one potential result of protectionism+increasing deficits is inflation which screws the old people and might make various loan payments more bearable for the young assuming if they have fixed interest rates.
Low, but increasing, inflation helps all debt holders, yes. Homeowners, too, tend to be protected by some inflation. So it's not young folks who disproportionately benefit (not that you said that, but I'm adding on to your comment).