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The low interest rate is beneficial to Goldman Sachs, but the high inflation rate is not. They are an investment bank that holds assets, and those assets are de
by oivey 5y ago
The low interest rate is beneficial to Goldman Sachs, but the high inflation rate is not. They are an investment bank that holds assets, and those assets are devalued by inflation. The the interest rate and inflation may have some correlation, but the last 15+ years have shown the correlation isn’t all that strong.