MY DAD: when you have a bit more money, young tyke, you shall learn of the wonders of bank CDs, which will turn your small amounts of cash into fortunes if you are only patient ME: I’ve cashed $1000 in a top of the market CD for a year and am expecting to have 45 cents by the end
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Replying to @BootlegGirl
have you considered introducing your past-father to the concepts of "inflation"
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Replying to @perdricof
In his defense, interest rates were higher on both ends there
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Replying to @BootlegGirl @perdricof
Yeah 80s interest rates WILDLY outstripped inflation, when we were kids a prime mortgage was like 20%
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