India 10 year bond yield at 6.20% pa. US 4.60%. Gap of 1.60% is probably lowest I recollect. Will we 1 day see Indian yields lower than the US? Depends mainly on relative inflation, risk premium, trust, and liquidity, for global and domestic investors in these 2 countries!
Cash is trash because: if you simply keep money in banks, you will lose some part of it -- GUARANTEED!
Other asset classes (eg stocks) can still come back up, but cash won't.
Video: https://t.co/GbQorjxw8u
We had a good thing, you stupid son of a bitch! We had the reserve currency. We had a capital inflow. We had everything we needed, and it all ran like clockwork. You could've shut your mouth, printed as much money as you ever needed and traded it for Nike shoes and iPhones built in other countries. It was perfect. But, no, you just had to blow it up. You and your pride and your ego! You just had to be the man. If you'd done your job, known your place, we'd all be fine right now.