Comments on: You’ve Got To Go Longer To Find 3% CDs

By: Rita

Rita — Thu, 09 Apr 2009 04:32:02 +0000

I think the best strategy is a $10 trillion lawsuit against the Republican and Democratic parties for fraud, gross negligence and incompetence, violation of their sworn oath of office, plundering the Social Security Trust, financial terrorism, bankrupting America and about a dozen other crimes against The United States of America and its people.
Any lawyers interesting in handling the case?

By: BloggingBanks

BloggingBanks — Wed, 08 Apr 2009 16:11:59 +0000

The problem is that if inflation really picks up in 1-2 years, short-term rates might increase through the roof..
On the other hand however, if we experience a Japan style scenario, then those long term CD rates that everyone thinks are too “low” would be seen as great deals.
In the meantime I am wondering whether the winning strategy nowadays would be to get loans and buy income producing assets such as real estate or dividend stocks instead of putting the cash in CDs?

By: Frank Schmidt

Frank Schmidt — Tue, 07 Apr 2009 18:42:30 +0000

That is less than any of the inflation rates, how frustrating. I should take my money out and put it under my pillow…