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This is an advertisement that I found on the blog this morning. 1.3% is now high yield. That is exciting, and kind of sad. No doubt it is a commentary on the times we live in - a low yield, high risk environment.
Wednesday, June 2, 2010
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1 comment:
Sad, pathetic--and predictable. Prudent savers, instead of being rewarded for not participating in the housing bust and financial apocalypse, are being used by the government so that the banks and the debtors can recapitalize themselves and the next housing boom and financial apocalypse can begin all over again. Forget personal responsibility: nobody in power rewards that anymore. Instead, load up on cheap debt and walk away when the going gets tough (or sell on to the next boatload of suckers).
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