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Non-Tech : Kirk's Market Thoughts

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berniel

To: robert b furman who wrote (6119)	8/21/2018 5:18:17 PM
From: Kirk ©	1 Recommendation Read Replies (1) of 26433

FWIW, I wrote in my newsletter for probably a decade that "low rates are a tax on savers." Where else do you get money to fund bailouts and keeping government workers employed to avoid a recession and have a minimum impact on investors looking to invest and grow us out? Savers! People that were partially retired got really screwed as 5% on savings that were enough to work or not work before the collapse.... saw their safe retirement income slashed to 1% or less..... a real hardship. For me, it was probably a good thing as I use newsletter income to make up for it and it allowed me to buy really cheap stocks to really profit on the recoveries... but most... not so lucky.

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