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On the contrary, near-zero interest rates recommend more debt and more risky investments, because (a) debt is cheap, and (b) inflation (stagflation perhaps) wil
by sk5t 11y ago
On 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.