No. of Recommendations: 3
It's the real interest rate that counts. Interest rates are higher, but inflation is higher too.
Plus, there is tax to pay on the NOMINAL interest earned, so there is actually a loss if both inflation and interest rates rise the same amount.
This is a very insightful and convincing argument. However: there’s a lot of percentage gain, when you’re starting at less than zero on $160b. From about 2010 to 2015, 3 month Treasuries were earning about 0%, with inflation at about 2%. Then from 2015 to 2-2.5%, and inflation was
