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by sclarisse 1147 days ago
It’s not because it’s “expected” in the abstract. It’s because everyone is competing for money with the US Treasury, and the rates on those Treasury bills are looking better than they have in a long long while.

Did you have a growth business that’s going to be 50% bigger in 10 years? A few years ago that would sound not-amazing but reasonable. Today that’s nothing. You can get that kind of returns from bonds with like zero risk.

Firms therefore prioritize savings like they haven’t done in years.