tag:blogger.com,1999:blog-2335748440449035592.post6022195414782385734..comments2008-09-10T11:14:09.777-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-53937961648292157172008-09-10T11:14:00.000-04:002008-09-10T11:14:00.000-04:00Michael, they are killing savers<BR/><BR/>both in the early part of the decade and yet again<BR/><BR/>I was looking in Kiplingers at national rates for 1 year and 5 year CDs and they are pathetic. Inflation gives you a negative savings rate<BR/><BR/>But we have to cut rates to "save the system" and "not allow a recession" Savers be damned.<BR/><BR/>The best thing is as you say, go into debt, go leverage, and then ask for a bailout when you blow up.<BR/><BR/>Oh wait, that only works for financials, not for normal people.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-67749401758381215472008-09-10T11:04:00.000-04:002008-09-10T11:04:00.000-04:00"A lack of savings rate, which is a national epidemic provides little to no buffer, so as the cost of living, YEAR over YEAR, continues to hit - we'll continue to regress."<BR/><BR/>The savings rate would rise if the government set policies that encouraged saving. Instead they put polices in place that make it advantageous to be in as much debt as possible. If real inflation is as high as many of us think, we should all be borrowing as much money as possible at these historically low fixed rates. Of course leverage yourself like that is risky, but given the current rules it's probably the most effective way to play.Michaelhttp://www.blogger.com/profile/14603027333434481007noreply@blogger.com