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The Importance of Cash in an Economic Crisis
From 2008 to 2022, interest rates almost didn't matter because they were so incredibly low for such along a period of time. One thing that reversed in 2022 was obviously interest rates came back with the vengeance. The Fed raised interest rates at the fastest rate they'd ever done and understandably, asset prices and asset values were severely impacted. Those that were hit the hardest were the asset values that have the longest duration,. long duration bonds and high growth companies that are losing money.