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<p>[QUOTE="KSorbo, post: 1883930, member: 56370"]I'm part way through the book now after downloading it. Thanks for the great recommendation!</p><p><br /></p><p>It is interesting that before the hyperinflation really took off, when the Reichsmark was between 100 and 200 to the dollar, it was propped up temporarily by foreign speculators, Americans in particular. People thought that the currency was as low as it could possibly go and that it had nowhere to go but up. This lesson could apply to a lot of things that people buy because they think the price has hit rock bottom.[/QUOTE]</p><p><br /></p>
[QUOTE="KSorbo, post: 1883930, member: 56370"]I'm part way through the book now after downloading it. Thanks for the great recommendation! It is interesting that before the hyperinflation really took off, when the Reichsmark was between 100 and 200 to the dollar, it was propped up temporarily by foreign speculators, Americans in particular. People thought that the currency was as low as it could possibly go and that it had nowhere to go but up. This lesson could apply to a lot of things that people buy because they think the price has hit rock bottom.[/QUOTE]
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A cautionary tale....
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