Discussion in 'Economics' started by Arthur Deco, Dec 8, 2010.
What should anyone expect? The government piss's and moans whenever we "save too much"... gotta be SPENDING to keep the leveraged economy going, you know.
BS Bernanke's "QE2" is an effort to PUNISH SAVERS... FORCE PEOPLE TO STOP SAVING AND/OR "SITTING ON THEIR CDs" (EVEN IF THEY FEEL THEY MIGHT NEED THEIR MONEY THROUGHOUT THEIR RETIREMENT... FOR TRIVIAL THINGS LIKE FOOD AND HEAT).
Exactly, the u.s consumer is only taught to consume, the word savings doesnt exist in the volcabulary of hundreds of millions of consumers. Why save when the best cd rate is 1.5% and a savings account is offering a huge .25% on your money.
I know many people who have absolutely nothing and are 5-10 yrs from retirement. Most are relying on 401ks and pensions.
Separate names with a comma.