Please be prepared
(twitter.com)
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It is above 3.3% for the first time.
Look at the friggin chart on the tweet you posted - it is quite obviously over 8% in the early 90s. 🤦🏻♂️
Yes, you are correct but that was 30 years ago. From the post "Every portfolio built since 1995 assumed Japanese yields stayed near zero forever." This is the issue.
And the author stated that 2.75% “the highest rate in recorded history”.
You, yourself wrote, “It is above 3.3% for the first time”.
Come on, man!
Last I checked, the early 90s was still part of recorded history.
My point, NeilS, is that it’s hard to take something seriously when the article opens with a blatant falsehood and is full of words designed to instill fear rather than inform.
If this is such an emergency, I’m sure there are dozens of other pundits in concurrence with ole Shanaka. Perhaps you could post some corroboration from his peers to help offset this guy’s bombast?