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Re:Low interest rates in advanced countries have pushed mone... by xwdv on Wednesday November 24, 2021 @04:58PM (#29335660)
No it doesn’t, most of the wealthy do not keep large sums of cash on hand, it’s invested in other assets that grow with inflation.
Re:Low interest rates in advanced countries have pushed mone... by dnautics on Wednesday November 24, 2021 @05:07PM (#29335731)
The wealthy are also the hands into which the printed money goes, and it also makes the real cost of leveraged investments lower. Triple threat!
Re:Low interest rates in advanced countries have pushed mone... by imtringued on Thursday November 25, 2021 @03:34AM (#29339410)
Most of them keep 10% of their portfolios in cash or treasury bonds.
Re:Low interest rates in advanced countries have pushed mone... by rsj_hn on Thursday November 25, 2021 @04:23AM (#29339679)
When inflation is low, yes. But as inflation goes up, interest rates will increase to fight it while at the same time, households reallocate their wealth.