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That’s an interesting point: higher interest rates offer increasing advantage to those who already have cash on hand.
by burlesona 4y ago
That’s an interesting point: higher interest rates offer increasing advantage to those who already have cash on hand.
- foogazi 4y agoYes, to put it in the bank While the drive towards lower interest rates has made that money come out of savings accounts and drive up all asset prices
- sfblah 4y agoYes. The Fed's low interest rate policy has been a huge tax on those prudent investors who held safer assets like cash and T-bills. At the same time, they maximally rewarded extreme gambling in the markets. That's why we live in world that somewhat resembles the 80s TV show "20 minutes into the future" -- all just crazy schemes and advertising plastered everywhere. Who knows what comes next.