Last recession 40 years ago, had huge interest rates and people put their money in CD’s at 14-19 percent interest rates and holding for 4 years. At least they had a place to put money to offset loss.
Now there is no place to put money.
Stock market? No thanks
Metals? If you can get enough.
CD’s? No way, 1.5% interest? Hah.
Bonds? No way
Last recession 40 years ago, had huge interest rates and people put their money in CD’s at 14-19 percent interest rates and holding for 4 years. At least they had a place to put money to offset loss. Now there is no place to put money. Stock market? No thanks Metals? If you can get enough. CD’s? No way, 1.5% interest? Hah. Bonds? No way
i had one of those CDs at 16%. I remember my father telling me "you will never see this again".