Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||DON'T Daytrade Stocks Like This; entered at 2012-05-03 00:09:05|
Where is the instrument that pays a paltry 5% at low risk in a strong currency in a low inflation economy?
Nowhere, when a bank creates money out of thin air, loans out 20-30 times what it has, and if it fails they get bailed out - and even if they don't, bank management does not feel any personal consequences. Why would they take money from you at 5% and look for people to take loans at 6.5% when they can just write in their computer that there is money, loan it at 1% to government or 2.5% - 5% to people, and pocket their bonuses?
Last modified: 2012-05-03 00:09:27 by aethor