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This piece is so deeply tenuous - it's like someone in the Bloomberg office tried their best to build a link between the USA and Argentina. None of this advice
by quitit 5y ago
This piece is so deeply tenuous - it's like someone in the Bloomberg office tried their best to build a link between the USA and Argentina.
None of this advice is practical for vulnerable USA consumers(a), it's useful for a country with long term runaway inflation.
(a) These people already live paycheck to paycheck, they do not have savings and certainly have nothing spare to invest in inflation-linked bonds which are device for long term savings storage. Because of the aforementioned factors they also do not have access to low interest loans, and even if they did the USA's fiscal policy would certainly respond to ongoing inflationary pressure by adjusting interest rates upwards.
- SilasX 5y agoOne of the points in the article was to borrow lower than inflation when you can, which is definitely relevant and possible in the (see the best mortgage rates and brokerage margin rates).
- quitit 5y agoThe problem is in the “when you can”, these products are mostly unavailable to this segment (they’d need something tangible to balance the risk).
- toomuchtodo 5y agoBloomberg isn’t targeting the poor or middle class, they cater to the wealthy and HENRYs (high earners not rich yet).
- quitit 5y agoWhile I don’t really think the same - See my top level comment for context.