News for hackers. Stuff that matters.

A comment on Exploiting Silicon Valley For Profit (and Maybe Fun). Parent comment

Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by Estragon on Thursday June 21, 2012 @04:19PM (#4143991)
Earlier in the year, you could get a 12 month CD in Australia for almost 6%.
[ Parent | on HN ]
Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by refurb on Thursday June 21, 2012 @05:27PM (#4144281)
The inflation rate in Australia was pushing 4% last year. That's a nominal return of 2.X%.
[ Parent | on HN ]
Re:Exploiting Silicon Valley For Profit (and Maybe Fun) by repsilat on Thursday June 21, 2012 @08:22PM (#4144822)
It's a real return of ~2%, it's a nominal return of 6%. "Nominal" in this case means "in name only" - it's the face-value of the return, not the actual value.
[ Parent | on HN ]