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Non-Tech : Kirk's Market Thoughts
COHR 185.83+5.8%Dec 19 9:30 AM EST
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skier31
To: Sun Tzu who wrote (17911)2/5/2024 1:49:51 PM
From: Kirk ©1 Recommendation  Read Replies (1) of 26806
 
True.
I am going to tell you something that will not sit well with the conservatives, and with fiscally conservative people like myself. But the evidence is what it is, and it is hard to dispute it.

Deficit spending is good short term for the economy the same way burning the furniture and wooden decking on a cruise ship (Titanic) will supply more firewood for the boilers. You just hope the ship (US economy) reaches a safe harbor where it can be refitted before it sinks.

I keep taking profits and love getting 5%+ on cash in safe money market funds and even better, 9.3% CA tax free in US Treasuries, some paying about 5.5%.

Having what seemed like over a decade in total over the past 24 years with rates near zero was stealing wealth from savers via the invisible tax of no income on savings. It crushed people who retired back then thinking they'd live on the 3% drawdown, pay 2% in as taxes and do OK with 5% on savings plus dividends on stocks plus Social Security payments.
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