4 ms·
I am a "wealth holder" who has been working and saving up to buy a house but still can't afford it. So my money should now be worth even less.
by frequentnapper 7y ago
I am a "wealth holder" who has been working and saving up to buy a house but still can't afford it. So my money should now be worth even less.
- bequanna 7y agoBingo, but that’s kinda the point. Cash in the short term is probably a fine idea. But low interest rates are meant to encourage deploying capital into risk investments or consumption with the promise of inflation eating your buying power if you hold cash.
- greysphere 7y agoYep! The only way you get around it is if you 'invested' in something that (a) either gets 'subsidized by law' (rent and other contracts falls into this category, until the law changes), or (b) still can be produced and is in demand during the economic shutdown.