Lesen und verstehen:
“lol, dude literally thinks buying paper promises from a bank is still interessant in 2024. cantillon flows go brrr overnight while mister ETF counts his basis-points and still ends up poorer in real terms.
real yield ≈ nominal − taxes − shadow inflation − systemic risk premium. spoiler: it’s ugli. meanwhile sats just sit cold, no counter-party, no MD’s alimony fund skimmed off the top.” Excellent summary from chat below
