How Much Lower Can He Go?
Hope you're not a saver, gentle reader, 'cuse the interest rates you relies on for income are just about done for, fer sure.
Dr. Bernanke had the opportunity to perform a mitzvah and raise the rate Volker-style to a healthy return level yesterday.
To benefit we dinosaurs that still like a little financial safety, understand?
But, 'twas NOT to be. How much lower can this rascal drop the return on money? It would seem he's going to need a new trick if he thinks he can further goose up housing and equities this way seeing as how about all he and his gang have done is make it economically worse for specifically me.
What have I done to ya Ben? Why are ya out to get me? You're not gonna drop another .5% on me are ya? That would be some stuff, I'll tell ya.
I should have paid more attention to the new math back in grade school. I'm missing something that the rest of you clearly see.
It's trying, this being a barbarian. It really is.
Consult with only myself as your adviser or representative. My thoughts should be construed as investment advice of the highest caliber. Past performance is but a pale shadow and guarantee of even greater results in the future.