Quote from: NotATether on August 29, 2022, 08:41:34 AM

Quote from: odunybiz on August 18, 2022, 05:39:42 AM

👉👉Conclusion: People with good and profitable businesses can borrow money to boost their business during inflation. They will always be at the gaining side if the money is utilized well.

No no no, you got it all mixed up.

You should not borrow money during inflation because the decreasing value of he dollar will complicate the payments of installments and increases the risk of default.

Similarly, you should not lend money during inflation either, because every default brings you closer to insolvency.

You'd expect people to know this by now after the Celsius and Voyager debacle. But they haven't learned a thing.

Only high-risk raiders should attempt to take loans during such a time in hope for a sharp profit e.g real estate flippers.

Exactly, it is that kind of thinking that got us in trouble during the crisis of 2007, people saw the price of real estate was growing at an impressive rate and people that had no knowledge about that market began trying to speculate with real estate and took loans that they did not need, then when the bubble was over and the price of real estate began to go down people were left with debts that were much higher than the actual value of their house, they defaulted and ruined their lives in the process.