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

To: John Vosilla who wrote (76652)	12/26/2006 2:12:07 PM
From: Mike Johnston	Respond to of 110194

Exactly, inflation was much lower then and rates were higher. Why save dollars at 5% rates if your savings are losing value at 10% a year and then to pay taxes on top of that.

To: John Vosilla who wrote (76652)	12/26/2006 8:25:46 PM
From: George K.	Read Replies (1) \| Respond to of 110194

I for one would welcome the bone crushing interest rates of that era and before. We've lost what - 40% against the euro since its introduction? At least pay me some interest on the money I save for a vacation overseas I can't afford because my money is no good elsewhere. Just this year was the first of this whole decade I recall getting noticeable CD, brokerage account interest, etc.. And I doubt that lasts if the economy rolls over in 07 or 08. Already I see the longer term CDs pay less. Even in the Nixon Carter times the price increases in business I was involved in were nothing like they are now.