This is nothing if you lived through the ‘80’s. I also worked in financial services and spent my career wondering when we’d swing back to high inflation—honestly it took a lot longer than I ever thought it would. I don’t think these rates are the worst—people can actually earn a little bit on their savings now.
This is nothing if you lived through the ‘80’s. I also worked in financial services and spent my career wondering when we’d swing back to high inflation—honestly it took a lot longer than I ever thought it would. I don’t think these rates are the worst—people can actually earn a little bit on their savings now.
Yes, it is nice to live in a world where you can get %5.2 APY on your savings without risking it all in the stock market.
Sure it would be better if inflation was closer to 2%, but at least Powell has not driven us into a recession and he seems to be on track to get inflation lower, all in good time.
Would everyone honestly prefer stagflation? Remember that? I do.
This is nothing if you lived through the ‘80’s. I also worked in financial services and spent my career wondering when we’d swing back to high inflation—honestly it took a lot longer than I ever thought it would. I don’t think these rates are the worst—people can actually earn a little bit on their savings now.
Yes, it is nice to live in a world where you can get %5.2 APY on your savings without risking it all in the stock market.
Sure it would be better if inflation was closer to 2%, but at least Powell has not driven us into a recession and he seems to be on track to get inflation lower, all in good time.
Would everyone honestly prefer stagflation? Remember that? I do.
And earn that little bit more in a less risky, less volatile way.
I bought a new car in 1981. The interest rate was nearly 18%.