3min chapter

The Compound and Friends cover image

That Wasn't the Bottom

The Compound and Friends

CHAPTER

The Importance of Saving Money in a Recession

You cannot spend what you don't have. If you're already at full employment bank's not giving you the money and the financial markets aren't surging You've got to find a new source of money The only thing that does that is when the yield curve steepens to the point where lending Institutions want to give you money at a cheaper rate. Can I can I wear a ways away? Can I sell my muder room? Yeah, that might not have been the best investment for this economic environment Tony Dwyer ladies and gentlemen What a man what a show thank you so much you taught us a lot today We're gonna do favorites and then we're gonna let you get out of here

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