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> It just feels like there is about to be an asset wipeout across the spectrum That's generally expected when interest rates rise. Most assets have value now b
by fennecfoxen 4y ago
> It just feels like there is about to be an asset wipeout across the spectrum
That's generally expected when interest rates rise. Most assets have value now because they ought generate returns in the future -- but you can get interest between now and in the future, and if you can get a lot of that interest now, why would you spend so much on what is still a long way off?
- boringg 4y agoThe thing that's different here is you can get some interest now but less interest than the rate of inflation so you are only minimizing losses as your real value is decreasing.