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by kingkongrevenge
6359 days ago
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A few quarters here and there with decent real CD rates is not reflective of how people actually go about saving. You have consistently lost purchasing power if you plowed cash into savings accounts, CDs, and money markets funds. When all factors are considered, including understated CPI figures, I believe real returns to cash in the period in the 80s you point to were not even very good. Especially when you consider the opportunity cost of your five year CD and what played out in other asset classes during that five years. |
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What other zero-risk asset classes were we comparing against?