wealth isn't zero sum. but after years of good economic luck, low rates will derail many boomers' retirement plans
2 reason rates should be positive:
1. risk (not such a concern with these assets)
2. how much people prefer spending now vs. the future
2. can change, and if so rates will go up one day
Another store I’d be sad to see go, and yet hardly ever go to.
maybe the rate cut today did not really matter.
I am done with all the theatrics. if anyone really cared about the debt, they'd be talking about entitlements.
one upside from gentrification--if you can afford to live here.
not as crazy as it sounds. welcome to a low-rate world.
Median wage in some southern states is less than $14 an hour. But why not? We no longer live in a world with trade offs.
I agree the economy is changing and so are old relationships. But if you think the Phillips curve is dead, you can't also use it to justify a rate cut.
if there's more than 1 train involved you can forget it.
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