I won’t vote for someone who shows themselves to be fiscally irresponsible with our tax dollars. Why would I reward someone with my one vote who will just take it for granted? Rewarding bad behavior guarantees future bad behavior. And rewarding bad behavior implies agreement with said behavior.
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What does that mean–“The asset nobody wants right now–cash.”
Inflation is around 3%
Oh, got it.
@LucyLou and @armycowboy,
That was what his HBS professor said in 2007, before the last crash.
The prof was saying no one wanted to be in cash, but that’s where they should have been.
I’m sitting on a lot of cash right now because we are in another bubble - especially corporations, who borrowed gobs and gobs because interest rates were so so low. But those days are ending and corps are so highly leverage they are going to be screwed with interest rates rising.
It’s not going to end well.
Thanks. That makes sense.
This was referring to what he said in 2007. At the time, nobody wanted to hold cash.
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