Hi Roy - I would recommend listening to a few interviews on YouTube from a gentleman named Lacy Hunt. The bond market is forecasting that debt & demographics will slow growth and inflation dramatically in the developed world.
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Debt deflation > asset deflation > credit risk > rates should be higher. Inflation seperate, see Cantillon effect.
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What are interest rates, where do they come from, and what purpose do they serve? Smith, Marx, and Keynes got these questions wrong; Turgot, Böhm-Bawerk, and Mises got them right.https://mises.org/library/theory-interest-rates …
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Not this funny money they force us to use. Its a bad joke.
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