Is a downgrade *GREAT* for cash rich savers?

Quote from jackpearson:
They'll get more interest on their savings.

it's like a forced rate hike.
More...
That's assuming your bank a) remains solvent; b) is willing to pass on the higher rate to you (which it probably won't be). So it's not at all like a rate hike, actually.
 
Quote from jackpearson:

They'll get more interest on their savings.

it's like a forced rate hike.
More...

What makes you think rates are going up?

The Ten Year note yield has dropped to 2.82%, an 8 month low.
 
there is no such thing as cash anymore. Depends on the value of a dollar, and crude.

2 yr notes have a negative return. Dividends on S&P beat the long bond.
Like they say on CNBC, money is in motion.

But I will agree. I'm in the largest cash position I've ever been, and I consider it my best investment at this particular moment.
 
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