4 ms·
Very well said. Indeed, I think we'll all mostly escape from this unscathed. We as in anyone who didn't take on massive leverage in the last few years to try to
by ThorsBane 4y ago
Very well said. Indeed, I think we'll all mostly escape from this unscathed. We as in anyone who didn't take on massive leverage in the last few years to try to become rich off of the pandemic bubble or to try to live it up on cheap money. Jeff Bezos gave excellent advice recently on avoiding large purchases right now if you can, like cars and houses. I think he knows that borrowing costs will go down, and general costs will come down to pre-pandemic levels as things level off and the excess currency floating around in the system from (necessary) pandemic stimulus gets siphoned off by slightly higher interest rates.
Who knows, we may even see a scenario where the fed has extreme confidence in America's economic and military dominance globally and decides to reduce interest rates again once money supply is somewhat tightened again now that the pandemic has ended.
- srij 4y agoJeff Bezos gave excellent advice recently on avoiding large purchases right now if you can, like cars and houses. I think he knows that borrowing costs will go down, and general costs will come down to pre-pandemic levels as things level off and the excess currency floating around in the system from (necessary) pandemic stimulus gets siphoned off by slightly higher interest rates. Can you please share a reference to Jeff's advice. Curious of the context.
- kmonsen 4y agohttps://jalopnik.com/we-regret-to-inform-you-jeff-bezos-is-right-dont-buy-a-1849807990 https://jalopnik.com/we-regret-to-inform-you-jeff-bezos-is-r...