|Free Money !!|
Limited Time Offer?
Pretty clear who is paying for this recession! It's those folks who have been prudent and frugal with their finances! Those folks who have saved their entire lives, while living "below their means" with a thrifty eye toward the future, the unexpected, and with the hopes of a comfortable retirement.
|Boomers - Retirement Savings|
Going Up In Smoke ?
How do savers "pay for a recession"? Thought everyone believed that lower loan rates were "the way forward"?
Well maybe, but I doubt it - loan rates are at 70 year lows!!! If I can't afford a mortgage at 4.00% is a 3.00% rate really going to make that much difference - nah! Folks are struggling because of the lack of jobs (actually lack of good jobs) and stagnant wages, not because rates are too high! This observation appears not to have fully penetrated "The Beltway" as yet.
|Rates Down... Fed Up !!|
Can't fault the individual mortgage "refinanciers"; it's kind of a "financial IQ" test - why should anyone want to pay more than "market" - artificial though it may be!? (But hope everybody has noticed this ain't a free market economy - right?)
"Inflation" simply means it takes more and
|Ease up !!!!|
Can get very, very scary if you are retired and counting on your savings! You're basically on a "fixed income" (interest on your savings!) and you just took a tremendous "cut in pay" - from a 3.00/5.00% return a couple of years ago to .01% or less this year. As a saver prices are heading up, your income is heading down! So, what's a saver to do???!!!
There is only one logical financially sound answer.....
|Roll 'em! **|
** "Thanks for the tip!"
(You bet !)