[Civilrecordzz]

They aren't?....that's odd. The Federal Reserve has vowed that they are going to "keep interest rates low" to help "bolster the economy". Sounds rather selective to me. So....lets say you have mom and pop Kettle sitting on some money that by the historic 100 year rate of return could have earned them a nice little income to retire from. Now pa Kettle says "not so fast I may have to work because interest rates are basically zero so therefore we earn no interest". Is that fair? Is it fair that they worked and saved their whole lives and now the FED has decided (for political reasons actually) to keep rates low that negates what mom and pop Kettle have done? Now you have a monetary policy that promotes cheap money which is inflationary that actually means not only do they earn actually nothing on their money but they lose money to inflation every single day just for waking up in the morning? Or they have another option...they can enter into a high stakes game like the stock market (which high allocations for the blue hair set is totally inapproriate). So the govt is not in the business of picking winners and losers?.....bullshit...why do you think the stock market keeps rallying upwards? There is nowhere else for anyone to put money unless they want 1% returns. Historically you have a balance of about 6-8% return on equities, real estate, bonds, bills. Now its all out of whack and the money is pigeon holing into one thing at a time. the FED needs to have the nuts to say "over the next 2-3 years we are going to gradually raise 30 year rates to 7-8%"...in that manner money starts moving. Cobwebs come off of money. Jack and Jill prosepctive homebuyer say "we might wanna start looking rates are moving up"....balance is a good thing....