Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Europe And China Near Detonation; entered at 2012-06-05 05:44:45|
Registered: 2007-10-21 Arlington, TX
The only people rewarded were bond speculators - not savers.
Savers only got the pathetic interest from financial repression and now ZIRP. They did not enjoy the capital gain. Notice again that the policy benefitted the big institutional speculators. Mom and pop with their savings in a bank got screwed every which way.