Charles Hugh Smith: The Psychology of Inflation: What Makes You Say, “No Way Am I Paying That”?
Authored By Charles Hugh Smith Value varies. Invest in what's valuable. It's a well-recognized human bias to feel losses more acutely than gains. Perhaps something similar occurs with inflation. As essentials soar in cost--i.e. non-discretionary expenses such as shelter, food at home, utilities, childcare, healthcare insurance, etc.--our only response is sighing resignation: yes, it's a ripoff but [...]
