You are viewing a single comment's thread:
RE: The first earns it, the second enjoys it and the third destroys it
"Boring compounding beats flashy financial chaos every single time."
I'm afraid not. In order for that to be true the central bank would have had to get the interest rate so wrong that the national debt would go exponential.
0.00600951 BEE
yep, boring coMPounding in real businesses still tends to beat chaos across decades, even when rates swing.
Central banks can mess up, but unless we hit true debt spiral territory, saving steadily and and reinvesting usually wins for households.
are you saying policy shocks can wipe out long term returns for anyone staying unlevered?
View more