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I like the video. But I just can’t imagine “The Rich” hoarding lots of cash to lend out? Look at Donald Trump unable to get cash at hand for example to pay a fi
by datascienced 3y ago
I like the video. But I just can’t imagine “The Rich” hoarding lots of cash to lend out? Look at Donald Trump unable to get cash at hand for example to pay a fine that is a fraction of his worth.
I think the rich will be heterogenous in their assets but most will have non cash assets and borrow when they need cash. Having money out of asset markets so they can time the market based on interest rates doesn’t seem likely. Better off holding SPX or investing in the businesses they probably own that out perform any investment on the open market (for example a company I worked at 100x value in shares over 12 or so years).
- mandmandam 3y ago> I just can’t imagine “The Rich” hoarding lots of cash to lend out? Um. What do you think mortgage lenders are doing? Or banks in general? ... And who do you think owns those institutions and profits from them?