Quote:
Originally Posted by Hack&Lube
having their savings remain at a stable value, but money won't make itself and if it sits idle in low-interest accounts, it will just lose value slowly with depreciation.
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And that's the thing, if you look at the 1980's during the "golden years" of savings. You had interest bearing accounts in the double digits. But do you really believe you were ahead after you factored in inflation and taxes?
Though, on the other hand, imagine getting and keeping that 30 year treasury from the early 80s with a 13% or 14% nominal rate.
Those years were an anomoly just like this time around, I sure wouldn't go long on any recently issued gov't or corporate debt. It is a matter of when rates will go up.