3 ms·
> Nobody likes rate rises I like rate rises. And I'd like a central bank run by people who didn't default to "nobody likes rate rises" thinking.
by hanoz 4y ago
> Nobody likes rate rises
I like rate rises. And I'd like a central bank run by people who didn't default to "nobody likes rate rises" thinking.
- notch656a 4y agoNah I prefer to park my cash in highly volatile equities indexes, a basket of commodities fluctuating madly due to pandemic related effects, or real estate as a hail mary that my wealth won't be inflated to hell. Having central bank rates at 5+% below inflation is basically a nice way of asking people to desperately pump money into any speculative asset they can find before the roaring fire behind it incenerates it.