> But, the market seems to be saying that there are too few good investment opportunities. Maybe consumption should be higher?
The market has very little say in the matter when the central banks force interest rates to near (or equal to) zero -- somewhat ironically to increase consumption by de-incentivising saving.
Central banks control the supply of some very safe investments and usually that determines the price. But, someone still needs to own government debt and that depends on demand.
There are plenty of other choices for investors, like the stock market or real estate. So, you could either spend the money or choose a riskier investment.
The market has very little say in the matter when the central banks force interest rates to near (or equal to) zero -- somewhat ironically to increase consumption by de-incentivising saving.