How badly does this impact your personal finances? You have a home and presumably money there, right?Originally Posted by Hazir
I mean, I guess we're heading to an emperor has no clothes moment...because clothes are so damn expensive when you keep lowering rates forever.
My income is in euro so I am largely shielded. The value of the house is probably under huge pressure but I always have seen it as a vacation place more than an investment.
That doesn't mean that I can ignore the crisis completely ; of course there's the issue of people around me simply no longer being able to spend money the way they were used to, which sometimes is outright awkward. But you also see a significant slip in the quality of products for sale in shops.
Some trivial examples that are still telling. I wanted to have some pillows made. The fabric I wanted was taken out of the collection of the supplier my regular upholstery guy uses; as it is imported it simply became impossible to make money on selling it. Then I noticed that the weight of chocolate tablets I have been buying for ages had dropped from 100g to 65g.
I realize that these sound like luxury problems, and they are. They are also signs of Turkey slipping back to the way it was when it was a real third world country.
Congratulations America
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