Re: Inflation No-Show Unlikely to Slow Fed Countdown to Rate Liftoff
By: Zimbler0
in
FFFT3
Wed, 31 Dec 14 8:04 PM
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Msg. 06928 of
65535
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Clo,
If you was capable of remembering past last week . ..
You might realize that many of the things you need
to buy cost much more than they used to cost.
That is what inflation tends to do to folks.
Worse, many of our senior citizens are getting
hammered by these 'zero interest rates'.
My Mom has a bank IRA . . . with the banks paying,
essentially, nothing, on the money she has saved and
the fact that she must make mandatory withdrawals . .
Well, she's hurting financially.
Interest rates need to go up, and inflation needs to
be brought down to a slightly negative number.
Zim.
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