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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (233776)10/7/2013 2:46:46 PM
From: cosmicforce  Read Replies (1) | Respond to of 542245
 
I've shared my story of living near the border in 1977 and seeing billboards in Chula Vista touting CDs in Mexican banks paying 58% interest per year. The problem was that inflation was running at 60%... it is hard to live on the interest on bonds that are paying below the inflation rate for any period of time without touching principle.