{"id":6399,"date":"2020-02-11T00:00:00","date_gmt":"2020-02-10T23:00:00","guid":{"rendered":"https:\/\/instrid.sk\/uncategorized\/vadia-vam-nizke-urokove-sadzby-nebohatnite\/"},"modified":"2020-02-11T00:00:00","modified_gmt":"2020-02-10T23:00:00","slug":"vadia-vam-nizke-urokove-sadzby-nebohatnite","status":"publish","type":"post","link":"https:\/\/instrid.sk\/en\/archiv\/vadia-vam-nizke-urokove-sadzby-nebohatnite\/","title":{"rendered":"Vadia v\u00e1m n\u00edzke \u00farokov\u00e9 sadzby? Nebohatnite!"},"content":{"rendered":"<div class=\"gs\">\n<div class=\"\">\n<div id=\":1fv\" class=\"ii gt\">\n<div id=\":1fu\" class=\"a3s aXjCH\">\n<div dir=\"ltr\">\n<p>Ned\u00e1vno som videl grafiku popisuj\u00facu pokles \u00farokov\u00fdch sadzieb za obdobie 700 rokov. Vyzer\u00e1 nasledovne a jasne ukazuje trendovos\u0165 tohto javu. Sadzby jednoducho povedan\u00e9 \u201eneust\u00e1le klesaj\u00fa\u201c, a to tak dlho, \u017ee to m\u00f4\u017eeme bra\u0165 za silne pr\u00edtomn\u00fd fakt.<\/p>\n<p>&nbsp;<\/p>\n<p>Samozrejme, volatilita je pr\u00edtomn\u00e1 aj tu, ako u ka\u017ed\u00e9ho makroukazovate\u013ea, najm\u00e4 ke\u010f jej pom\u00f4\u017ee idiocia vl\u00e1d v\u0161etk\u00e9ho druhu &#8211; od \u201ebo\u013e\u0161evick\u00e9ho noka&#8220;, cez revolucion\u00e1rov, a\u017e k vizion\u00e1rom&#8230; ale o tom som nechcel.<\/p>\n<p>Ot\u00e1zkou je <em>pre\u010do<\/em>. Ak n\u00e1m sadzby dlhodobo tenden\u010dne klesaj\u00fa, PRE\u010cO sa to deje?<br \/>\n\u010co tak nasledovn\u00fd poh\u013ead:<\/p>\n<p>Rastie objem bohatstva (ke\u010f chcete pe\u0148az\u00ed), a to <strong>ako nomin\u00e1lne<\/strong> (cel\u00fd svet bezprecedentne desa\u0165ro\u010dia bohatne, mimo in\u00e9 z\u00fa\u010dtov\u00e1va s chudobou tak, \u017ee je re\u00e1lna perspekt\u00edva, \u017ee chudoba bude nie\u010do, o \u010dom budeme svojim vn\u00fa\u010dat\u00e1m hovori\u0165 ako o rozpr\u00e1vkach), <strong>tak aj <\/strong><strong>&#8222;per capita&#8220;<\/strong> o\u010disten\u00e9 o infl\u00e1ciu (\u00facta pre Hansa Roslinga, ktor\u00fd v tejto oblasti urobil ve\u013ea z\u00e1slu\u017enej pr\u00e1ce a bohu\u017eia\u013e u\u017e nie je medzi nami, RIP).<\/p>\n<p>&nbsp;<\/p>\n<p>A teda si dovol\u00edm zjednodu\u0161en\u00fa t\u00e9zu (a ukame\u0148ujte ma v\u0161etci, \u010do chcete d\u00e1ta pusti\u0165 cez kvantov\u00fd po\u010d\u00edta\u010d), \u017ee ke\u010f je pe\u0148az\u00ed st\u00e1le viac, tak ich dostupnos\u0165 rastie, z roka na rok prest\u00e1vaj\u00fa by\u0165 vz\u00e1cnym statkom a ich cena kles\u00e1 (cena za po\u017ei\u010danie aj ulo\u017eenie). Ke\u010f je dopyt \u013eahko nas\u00fdtite\u013en\u00fd, cena statku logicky nerastie. A jav\u00ed sa to ako fakt. Fakt, \u017ee bohatnutie plan\u00e9ty, ako aj jej priemern\u00e9ho ob\u010dana, vedie k poklesu sadzieb.<br \/>\nJe tu ot\u00e1zka \u010do bude, ke\u010f e\u0161te zbohatneme? Ke\u010f bude t\u00fdch pe\u0148az\u00ed ove\u013ea viac, ak\u00e9 bude vz\u00e1cne ich zohna\u0165, po\u017ei\u010da\u0165 si? No, nebude to vz\u00e1cne a teda ani cenn\u00e9 &#8230; \u010dak\u00e1 n\u00e1s teda zauj\u00edmav\u00e1 doba.<\/p>\n<p>&nbsp;<\/p>\n<p>Ost\u00e1vam s pozdravom; zad\u013a\u017ete sa nesk\u00f4r, bude to lacnej\u0161ie. To je predsa ve\u013ek\u00fd defla\u010dn\u00fd sen v\u0161etk\u00fdch \u010do sa s\u0165a\u017euj\u00fa, \u017ee v\u0161etko je st\u00e1le drah\u0161ie.<\/p>\n<p>&nbsp;<\/p>\n<p>P.S. Minul\u00fd t\u00fd\u017ede\u0148 \u010cesk\u00e1 n\u00e1rodn\u00e1 banka zv\u00fd\u0161ila sadzby. Tak\u00e9to rozhodnutie sa deje hlasovan\u00ed sedem\u010dlennej rady. Teda minim\u00e1lne \u0161tyria \u010dlenovia to pova\u017eovali pre \u010desk\u00fa ekonomiku za d\u00f4le\u017eit\u00e9 a spr\u00e1vne. Na trhu to vyvolalo prekvapenie, \u00fa\u017eas a prakticky nikto to ne\u010dakal. A to nie preto, \u017ee by k tomu okolnosti neviedli, lebo viedli a bolo to v z\u00e1sade spr\u00e1vne rozhodnutie (potvrdia v\u00e1m v\u0161etci, \u010do si v Prahe chc\u00fa k\u00fapi\u0165 byt). Ale \u00fa\u017eas to vyvolalo iba preto, \u017ee v dne\u0161n\u00fdch \u010dasoch sa to u\u017e deje zriedka a sk\u00f4r i\u0161lo o kontrari\u00e1nsky ako m\u00e9dianov\u00fd pr\u00edstup.<\/p>\n<p>&nbsp;<\/p>\n<p>Slovami \u010desk\u00e9ho klasika, &#8222;Kam jenom ten sv\u011bt sp\u011bje?&#8220;<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Ak n\u00e1m sadzby dlhodobo tenden\u010dne klesaj\u00fa, pre\u010do sa to deje?<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-6399","post","type-post","status-publish","format-standard","hentry","category-archiv","two-columns"],"_links":{"self":[{"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/posts\/6399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/comments?post=6399"}],"version-history":[{"count":0,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/posts\/6399\/revisions"}],"wp:attachment":[{"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/media?parent=6399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/categories?post=6399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/tags?post=6399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}