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Low interest rates make saving and debt avoidance even more important, since you can't rely as heavily on the market to grow your savings.
by gdubs 11y ago
Low interest rates make saving and debt avoidance even more important, since you can't rely as heavily on the market to grow your savings.
- sk5t 11y agoOn the contrary, near-zero interest rates recommend more debt and more risky investments, because (a) debt is cheap, and (b) inflation (stagflation perhaps) will nibble away your savings if you try to ignore the equity markets.
- gdubs 11y agoAh, I can see how it read that way but I wasn't implying that one shouldn't _invest_ their savings.