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50 sats \ 0 replies \ @nerd2ninja 2 Nov 2022
This is by design. Gotta boost that "Aggregate demand" don't you know
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50 sats \ 0 replies \ @DemandUtopia 2 Nov 2022
Not sure how "historic" these current lows are. In the 2006-ish to 2009-ish years, rates were lower and even negative:
-- Is the Negative Savings Rate A Negative for the Economy? (Wall Street Journal, July 12, 2007)
EDIT: wow that article is a fun little time capsule:
This was written 14 months before the entire global financial system almost collapsed in Fall 2008)
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0 sats \ 0 replies \ @Atreus 2 Nov 2022
Can confirm. Everyone on Stacker's savings account is basically empty.
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0 sats \ 1 reply \ @BlokchainB 2 Nov 2022
Sad. Gotta play these “investments” games to preserve your wealth.
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0 sats \ 0 replies \ @zuspotirko OP 3 Nov 2022
Well, choosing an retirement account is actually a sound choice over a savings account. At least for middle class and above.
On one hand it's pretty cool that we live in a world where everybody can be an investor. On the other hand it is a shame that we live in a world where everyone has to be an investor and live with the volatility instead of just chilling.
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0 sats \ 0 replies \ @faithandcredit 2 Nov 2022
perfect time to raise rates and strengthen the dollar then. when almost noone holds it!
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