Yes and let's not forget the cost of financing (and living
expenses) with higher rates (and inflation) and how that impacts
the savings of ORDINARY people - they are having trouble meeting
expenses let alone having money to invest. Do the math on the
cost of a mortgage or car loan today (just the increase in
interest) not to mention the 10 plus percent inflation (6 percent
is a joke if you really check into the true number not as
calculated by CPI - hell they don't even include the cost of a
home). I'm not worried about those with $25 million accounts
but those in the middle class and lower.
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Yes and let's not forget
SPX Views
Posted by steve on 2nd of Apr 2023 at 09:23 pm
Yes and let's not forget the cost of financing (and living expenses) with higher rates (and inflation) and how that impacts the savings of ORDINARY people - they are having trouble meeting expenses let alone having money to invest. Do the math on the cost of a mortgage or car loan today (just the increase in interest) not to mention the 10 plus percent inflation (6 percent is a joke if you really check into the true number not as calculated by CPI - hell they don't even include the cost of a home). I'm not worried about those with $25 million accounts but those in the middle class and lower.