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29. No One’s Built Wealth In A Savings Account | From The Trenches with James Boyle
With inflation easing to 2.9% for the first time in two years, we're now entering a particularly critical phase in the economic recovery. Richard and James are back in the trenches to guide you through it. As always, it’s about sticking to your investment plan during these volatile times.
What’s been the impact of interest rates on spending? Richard and James speculate that higher interest rates have, somewhat paradoxically, both curtailed economic activity and increased spending among wealthier consumers, due to higher returns on cash and fixed-income investments.
Plus, watch out for…
The skinny
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