Sunday, December 27, 2009

Eaten Up

clipped from

WELCOME TO JAPAN: At Tiny Rates, Saving Money Costs Investors. “What the average citizen doesn’t explicitly understand is that a significant part of the government’s plan to repair the financial system and the economy is to pay savers nothing and allow damaged financial institutions to earn a nice, guaranteed spread.”

Plus, good news for seniors! “If your assets aren’t appreciating and aren’t producing any income, you’re getting eaten up in this interest rate environment.”