Originally Posted by Mesabah

$160K in a 14% bond rate market, vs $350K in a 3.5% bond market. Hindsight is 20/20, we know the performance of money from 1986 till today. It is fully possible we could repeat, but consider the DOW would have to go to ~500,000. In other words, the captain in 1986 was paying off his debts in much cheaper dollars, while earning unparalleled gains in the market.

When interest rates normalize at a historical 7%, today's captain is making more. You will find out what I mean over the next decade.