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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (9883)3/10/2004 4:51:59 PM
From: Pacing The Cage  Respond to of 110194
 
Re:"older retired seniors that rely heavily on interest income have and will continue to suffer badly"

I agree, and have been seeing that for awhile now.
One bright spot is that most seniors that I know don't carry credit card debt.

Another sector that will probably be hit hard is Mom & Pop businesses, once their energy bills start cutting into profitability.



To: Condor who wrote (9883)3/11/2004 11:01:56 AM
From: ild  Respond to of 110194
 
The sad thing is that retired seniors who lost income on their CDs are being pushed into riskier assets. Junk bonds funds, real estate scams, etc.


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