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

To: jimmg who wrote (76654)12/26/2006 2:19:12 PM
From: John Vosilla  Respond to of 110194
 
I agree with your synopsis but that is only for those looking to acquire material things they can only 'afford' today via credit. Those with lots of cash look at things very differently differently..



To: jimmg who wrote (76654)12/26/2006 2:21:16 PM
From: Mike Johnston  Respond to of 110194
 
You are talking about people that have no financial ability to save, they spend 100% of their income.

I am sure that if interest rates were positive , the savings rate would increase somewhat, but you are probably right, maybe less than one would expect, considering the dumming down of society that has taken place in this new "monthly payment-no inflation-artificial wealth-bubble economy"



To: jimmg who wrote (76654)12/26/2006 2:23:50 PM
From: Real Man  Read Replies (1) | Respond to of 110194
 
That's absolutely true. However, those who do think about it,
and have money, find it more profitable to invest it, in
whatever that's going up. The interest rates banks typically
offer make saving not worth it. The rates paid by the banks
went down when the Fed lowered, but they never went up as much
once the Fed raised rates back up.


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