Normal
So, we have negative real interest rates already and the RBA has said clearly to expect interest rates to be lower for longer. Many other countries already have zero or negative nominal interest rates.How are our dear old saver responding?[ATTACH=full]96987[/ATTACH]I would say still **** scared and have been since the GFC according to the data. We are still flat lining at early 90’s recession levels for cash allocation vs equity. I really do feel for them, I suspect there is a lot of people in cash for "safety", probably in their later years and getting boiled like a frog, as their financial independence slowly gets evaporated around them.If they finally buckle and decide they must move out of cash, there is a lot of fuel for a continuation of the market upwards.
So, we have negative real interest rates already and the RBA has said clearly to expect interest rates to be lower for longer. Many other countries already have zero or negative nominal interest rates.
How are our dear old saver responding?
[ATTACH=full]96987[/ATTACH]
I would say still **** scared and have been since the GFC according to the data. We are still flat lining at early 90’s recession levels for cash allocation vs equity. I really do feel for them, I suspect there is a lot of people in cash for "safety", probably in their later years and getting boiled like a frog, as their financial independence slowly gets evaporated around them.
If they finally buckle and decide they must move out of cash, there is a lot of fuel for a continuation of the market upwards.
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