Re:VCs are financing an economy of servants
by api on Monday August 09, 2021 @03:57PM
(#28121619)
That can't happen as long as interest rates are borderline negative. People are investing in stocks because they're a sure thing. People are investing in property because it's a sure thing. Everything is a sure thing but cash.
I know people who have gotten <2% mortgages, which is like a 0% interest mortgage. These are private individuals. What rates do you think banks the super wealthy are getting?
Nothing can go down until rates go up. Hell BTC went up after the Senate passed a bill that could really curtail adoption of it... because nothing can go down. Money printer go BRRRRRRRRRRR...
I know people who have gotten <2% mortgages, which is like a 0% interest mortgage. These are private individuals. What rates do you think banks the super wealthy are getting?
Nothing can go down until rates go up. Hell BTC went up after the Senate passed a bill that could really curtail adoption of it... because nothing can go down. Money printer go BRRRRRRRRRRR...
https://brrr.money