Re:Trust in Government Is Collapsing Around the World
by MagnumOpus on Monday July 04, 2016 @11:16AM
(#12031225)
The parent is not talking about "savings" in the sense of savings accounts, but in terms of the macroeconomic sense of the word where savings denotes anything you do with money that is not immediate consumption (and therefore savings=investments).
Re:Trust in Government Is Collapsing Around the World
by barrkel on Monday July 04, 2016 @11:11AM
(#12031198)
Investments are savings; just riskier.
(Did you think that your savings account at the bank is just held as treasuries? The bank invests it.)
Re:Trust in Government Is Collapsing Around the World
by soVeryTired on Monday July 04, 2016 @11:36AM
(#12031335)
>Did you think that your savings account at the bank is just held as treasuries? The bank invests it.
It's actually a bit more complicated than that:
http://www.bankofengland.co.uk/publications/Documents/quarte...
Re:Trust in Government Is Collapsing Around the World
by BrainInAJar on Monday July 04, 2016 @11:12AM
(#12031204)
> make the SV startup lifestyle possible.
You say that as though it's a good thing
You think billionaires just buy treasuries or CDs and wait for their wealth to evaporate through inflation? That money is invested, including into the VC funds that make the SV startup lifestyle possible.