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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (6119)	8/21/2018 5:12:56 PM
From: Kirk ©	Read Replies (2) \| Respond to of 26428

Lower rates ALSO screwed those of us who contributed to the Social Security Trust Fund as that can only invest in government bonds.... so the low rates means they will come after our money sooner with taxation. My guess is Obama got a pension for his government work and makes so much in paybacks for being an ex POTUS that he doesn't care if his Social Security benefits are slashed by taxation or worse.

To: robert b furman who wrote (6119)	8/21/2018 5:18:17 PM
From: Kirk ©	1 Recommendation Recommended By berniel Read Replies (1) \| Respond to of 26428

FWIW, I wrote in my newsletter for probably a decade that "low rates are a tax on savers." Where else do you get money to fund bailouts and keeping government workers employed to avoid a recession and have a minimum impact on investors looking to invest and grow us out? Savers! People that were partially retired got really screwed as 5% on savings that were enough to work or not work before the collapse.... saw their safe retirement income slashed to 1% or less..... a real hardship. For me, it was probably a good thing as I use newsletter income to make up for it and it allowed me to buy really cheap stocks to really profit on the recoveries... but most... not so lucky.

To: robert b furman who wrote (6119)	8/21/2018 6:48:15 PM
From: Jerome	Read Replies (3) \| Respond to of 26428

Hey Bob....clarify a few things...... Those conservative people who have savings are deserving of a return from their money! Like What????....Do we need more welfare for the wealthy? In the long run - that is how it should be. Says Who????....besides Bob and Kirk..... cept The FED is an independent agency.....that pays scant or no attention to what Presidents want. I expect that it will stay that way.....The President appoints the Head of the FED....and after that its out of his hands.... Almost like a Supreme Court appointee. except the FED chairman term lasts 4 years. A normal FED term is 14 years. The FED has its own bylaws and rules.They raise or lower interest rates as they see fit. They do not consult with this President nor with any past President.