2 ms·
That jump in number of years needed to save for a house. Bit straight into heart. It's a good website with many plots. I also liked how many hours one needs to
by axelroze 5y ago
That jump in number of years needed to save for a house. Bit straight into heart. It's a good website with many plots. I also liked how many hours one needs to work to buy into S&P 500.
To provide some more context to 1971. It is the year of the Nixon shock. The US dollar became a fiat currency not backed by gold any more. Since then the banks have been inventing money out of thin air by issuing debts as they wished. The whole ruse was covered with a lot of bullshit like Collateralized Debt Obligations (CDOs) and other very bad newly developed financial instruments.