Oddbean new post about | logout
▲ ▼
TheBitcoinManual | 9 months ago (raw) | root | parent | reply | flag 
 Not sure about fixed rates, but there are 30 year mortgages in EU countries
▲ ▼
( -_-) | 9 months ago (raw) | root | parent | reply | flag 
 Those are definitely not fixed rate mortgages
▲ ▼
TheBitcoinManual | 9 months ago (raw) | root | parent | reply | flag +1 
 Then a lot of people are getting rekt or in the process under these rates
▲ ▼
( -_-) | 9 months ago (raw) | root | parent | reply | flag 
 Yeah, or central banks will lower rates soon and fuck over savers to bail out debtors.

At the end of the day all of this is a war between savers and debtors about who will eat the losses.
▲ ▼
TheBitcoinManual | 9 months ago (raw) | root | parent | reply | flag 
 100% savers versus debtors and it forces everyone to jump into assets of any kind, what I am keen to see is how long they can keep it on the savers side due to to the fear of inflation which can drive a lot of unrest if its to fast and is not a controlled demolition of the currency