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

To: GraceZ who wrote (51815)	1/27/2006 5:47:29 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 110194

But the very people you are describing, many of them were hurt by recent inflation. Do you know how hard it was to save 50 thousand dollars in the 60's and 70's ? Now 50K is crumbs. To me, the same house is the same house. It is not suddenly wealth, because it doubled in price. It is a measuring unit (the dollar) that has declined in value. My point is that many people are being cheated out of their savings by a profligate government. Grace, i understand you are a financial planner as well. At this time, we do not live in a world where 50% stock, 35 % bond, 15% cash will get you ahead. For the sake of your clients, you have to understand that. I am all for stocks but your clients will get killed on the bond portion of the portfolio.