
Around the world, 30 year olds are getting screwed
The David McWilliams Podcast
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What Happens When Interest Rates Rise?
When interest rates are zero, your time horizon in terms you return investment is infinite. The reason it's infinite is it's not costing you any money to actually invest. As interest rates rise, what tends typical to happen is people say, okay, you told me that the company was going to deliver profits in 10 years time. But now interest rates are 5%. Are you going to make profit next year? Because I quite like my money back. because it's now costing me, right? And then what happens is it causes all these tech companies to reassess their rather pan-glossian world view of what the world is going to be like in 15 years time. That's exactly
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