- Joined
- Nov 27, 2014
- Messages
- 9,287
I understand that a 3% CD is better than a 2% CD but, I’m wondering why the increase is viewed as a good thing by members of this forum. My understanding is that interest is two components - the cost of money and inflation. So doesn’t the increase we’re seeking mean that inflation is growing which is typically a bad thing?
Is it because of the make up of this forum - low to no debt, not big spenders, good amount of cash . . . makes the situation different for us? I’m reacting to the thought that everyone, including myself, would love the double digit interest income from the later 70’s, but if we had it, wouldn’t it also mean we’d have a rough economy to go along with it?
Is it because of the make up of this forum - low to no debt, not big spenders, good amount of cash . . . makes the situation different for us? I’m reacting to the thought that everyone, including myself, would love the double digit interest income from the later 70’s, but if we had it, wouldn’t it also mean we’d have a rough economy to go along with it?