“ What I am curious about is how a bank would fund a mortgage at 6% when inflation is at 9%.”
They borrow at 0% in checking and 3% in savings accounts, loan at 6%.
There’s no human right to get a return on your savings above inflation. China has had inflation that is double savings account rates for about 30 years now.
All the recent drama is making people forget the long term worldwide trend is aging demographics and a glut of savings.
