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You misunderstood my comment. > if you'd exchanged it for assets in the year of issue like you were supposed to like you were supposed to This is exactly how

You misunderstood my comment. > if you'd exchanged it for assets in the year of issue like you were supposed to like you were supposed to This is exactly how the central bank policy is set up for the wealthy. > You willingly took the haircut. Alas, most Americans (and all the poor ones) do not have the same access to investment opportunities as myself.

arcticbull 6y ago
> like you were supposed to This is exactly how the central bank policy is set up for the wealthy. The poor have no assets to invest. > Alas, most Americans (and all the poor ones) do not have the same access to investment opportunities as myself. Yes they do. If they have money, they have Robinhood. If they don't have money, inflation doesn't matter.
- chordalkeyboard 6y ago
  > The poor have no assets to invest. They (or their households) have an income, which is paid in units that are constantly depreciating while the investments are increasing in nominal terms. Of course they have no assets, because central bank policies have priced all of the assets out of their reach. > Yes they do. If they have money, they have Robinhood. If they don't have money, inflation doesn't matter. They don’t have enough time after working and chores to investigate which assets to purchase on the stock market, which is why banks existed before the central bank destroyed the savings market.
  - arcticbull 6y ago
    > They don’t have enough time after working and chores to investigate which assets to purchase on the stock market, which is why banks existed before the central bank destroyed the savings market. There's plenty of roboadvisors with no minimums like Betterment or Wealthfront. There's Acorns. There's all sorts of technology to solve this problem. Heck how much time does it take to hit "buy" on SPY in RH once a quarter? I'm pretty busy but somehow I find the time to day-trade /NQ futures. What do you mean "destroyed the savings market" -- remember when interest rates were 12% poor people couldn't really afford much house. How much good is a savings account when you can't afford anything? I suspect they'd be more than willing to trade a 2% mortgage interest rate for having to download a second app on their phone.

arcticbull 6y ago

> like you were supposed to This is exactly how the central bank policy is set up for the wealthy. The poor have no assets to invest. > Alas, most Americans (and all the poor ones) do not have the same access to investment opportunities as myself. Yes they do. If they have money, they have Robinhood. If they don't have money, inflation doesn't matter.

chordalkeyboard 6y ago
> The poor have no assets to invest. They (or their households) have an income, which is paid in units that are constantly depreciating while the investments are increasing in nominal terms. Of course they have no assets, because central bank policies have priced all of the assets out of their reach. > Yes they do. If they have money, they have Robinhood. If they don't have money, inflation doesn't matter. They don’t have enough time after working and chores to investigate which assets to purchase on the stock market, which is why banks existed before the central bank destroyed the savings market.
- arcticbull 6y ago
  > They don’t have enough time after working and chores to investigate which assets to purchase on the stock market, which is why banks existed before the central bank destroyed the savings market. There's plenty of roboadvisors with no minimums like Betterment or Wealthfront. There's Acorns. There's all sorts of technology to solve this problem. Heck how much time does it take to hit "buy" on SPY in RH once a quarter? I'm pretty busy but somehow I find the time to day-trade /NQ futures. What do you mean "destroyed the savings market" -- remember when interest rates were 12% poor people couldn't really afford much house. How much good is a savings account when you can't afford anything? I suspect they'd be more than willing to trade a 2% mortgage interest rate for having to download a second app on their phone.