What's wrong with ZIRP?
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Why are the Japanese day traders so rich?
- Thread starter pinetboltz
- Start date
Ask retirees (not me yet) how little savings accounts and CD's generate these days.What's wrong with ZIRP?
But gubmints love it because it means they can keep on spending and spending ... future generations confiscated wealth.
The last month aside, inflation adjusted returns on savings accounts and CDs have been remarkably stable for almost a century. Sure the old timers will fondly tell you about the good old days when they got 10% interest on their bank account, they just forget to remember that there was 9% inflation at the timeAsk retirees (not me yet) how little savings accounts and CD's generate these days.
But gubmints love it because it means they can keep on spending and spending ... future generations confiscated wealth.
Well the current old timers will tell you about earning negative rates after adjusting for phony Fed inflation numbers and even more in the negative versus the real CPI.The last month aside, inflation adjusted returns on savings accounts and CDs have been remarkably stable for almost a century. Sure the old timers will fondly tell you about the good old days when they got 10% interest on their bank account, they just forget to remember that there was 9% inflation at the time
1% is still much better than negative and there were plenty of times when it was better than a single percent. Anyway the market speaks. Very little go into those types of accounts anymore for an obvious reason.
Ask retirees (not me yet) how little savings accounts and CD's generate these days.
But gubmints love it because it means they can keep on spending and spending ... future generations confiscated wealth.
And who says it's a right that savings and CD's must generate high amounts of income?
Inflation? We are facing deflation. What year are you in?
Why are the Japanese day traders so good?
This is why:
While many panicked, a Japanese day trader made US$34 million
Instead of celebrating, he kept trading. He started betting the market had bottomed. When he finally took his winnings off the table on Tuesday, he tweeted, “That’s the end of my epic rebound trade.” His profit, he said, had almost tripled.
Newsflash low savings/CD interest rates have been with a generation or more. What rock have you been living under?And who says it's a right that savings and CD's must generate high amounts of income?
Inflation? We are facing deflation. What year are you in?
Anyway where did I say it is a right? I said the market spoke. Low rates = low participation in those accounts.
I also said gubmints looooove low rates. Guess you are happy gubmints are happy and can keep on spending and spending.
Newsflash low savings/CD interest rates have been with a generation or more. What rock have you been living under?
Anyway where did I say it is a right? I said the market spoke. Low rates = low participation in those accounts.
I also said gubmints looooove low rates. Guess you are happy gubmints are happy and can keep on spending and spending.
So we both acknowledge rates on savings and CDs are low. Why did you bring it up in the first place then? This is not new news. You have Alzheimer's Gramps?
I really don't care what rates are at if the policy dictates it. Would you prefer a Great Depression 2?
I'd say you're the gramps in this debate - is it vision or comprehension that is going?So we both acknowledge rates on savings and CDs are low. Why did you bring it up in the first place then? This is not new news. You have Alzheimer's Gramps?
I really don't care what rates are at if the policy dictates it. Would you prefer a Great Depression 2?
Read back a few posts umm that were directed to someone else when I brought rates up. Then you stepped in all confused. Following along next time - from the start.
As for a Great Depression II the day will come when low rates are no longer the solution but the cause of it happening.
Japan is just further along - dealing with deflation since 1999999999999 89. What's a matter hits to close to home? Cheer up.