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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (5484)	3/18/2008 11:00:42 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 20435

I've been waiting for the 70s for five years. Thought I'd be able to get 8 or 10% on my cash by now. You would think a multi trillion dollar public debt would have done that. Now I see 2.5% CDs, yeah right. Wealth is created and destroyed...or at least eroded. I'm starting to get it.

To: Patrick Slevin who wrote (5484)	3/19/2008 11:44:08 AM
From: richardred	Read Replies (1) \| Respond to of 20435

Pat just a few more. Pass book saving account were at around 5% back then. No IRA's NO 401K's as we know it today,back then. No on line trading back then. <g>. Paul Volker in charge of the FED. Know one thought mortgage rates would ever get below double digits back then. Looking back he did a great job.IMO. Tax reform also. presidency.ucsb.edu IMO- Now most people only save in IRA's & 401k's. IMO-Most don't save in checking interest bearing account and savings accounts. Many because they can't if their living paycheck to paycheck. I personally only look at the current interest to pay for fee's that might be imposed for their use.