Jack,That’s better, I‘m relieved now… You had me worried!I’m old enough to remember the 1970’s and I don’t want to repeat those numbers now that I’m living off my investments.Unlike Charlie, my expenses are tracking < 5% inflation and I’m expecting the US to continue experiencing a Japanese style “lost decade” (or two).(1) Wages and housing costs are trending DOWN.(2) Energy and food (commodity based) are tending UP.FWIW, I’m “guessing” (1) will determine the final outcome.But I’m hedged just in case!Howard
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