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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (114365)7/5/2008 1:15:34 PM
From: Tommaso  Read Replies (2) of 132070
 
Well below the true inflation rate, even before taxes are taken our, even on short term. Nothing but a guarantee of losing money slowly. But we don't need to say that again.

I used to look back on the marquee signs that you could see outside savings and loans in the 1950s, with their promise of 2.5%, with a sort of pity. But that was with an international gold standard! Now its paper promising another 3% or so of more paper.

Have you noticed that ETF called WIP? It's non-U.S., foreign government, inflation protected bonds. Somebody said it was paying 6% but I doubt it's that high yet. Not sure, really.
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