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Ken Tumin founded the Bank Deals Blog in 2005 and has been passionately covering the best deposit deals ever since. He is frequently referenced by The New York Times, The Wall Street Journal, and other publications as a top expert, but he is first and foremost a fellow deal seeker and member of the wonderful community of savers that frequents DepositAccounts.

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FOMC Statement: Fiscal Policy Is Restraining Economic Growth

POSTED ON BY

The third FOMC meeting of the year finished this afternoon with a release of the policy statement. Unlike the March 20th meeting, there was no press conference and no new release of economic projections. As expected, no policy changes were announced. In fact, the statement was very close to the March statement. There were just two minor changes. One was its negative view of fiscal policy:

from March:

fiscal policy has become somewhat more restrictive

from today:

fiscal policy is restraining economic growth

The other change was the addition of a sentence regarding its pace of its asset purchases:

The Committee is prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes.

Everything else in the FOMC statement remained the same.

These changes make it appear that the Fed is slowing moving toward an increase in its asset purchases (i.e. more QE) if the economy shows any new weakness. It’s another indication that higher rates continue to be a long ways off, similar to what Japan has experienced for the last two decades.

In a repeat from January and March, only Esther George dissented in the vote. The statement provided the reason for her dissent:

who was concerned that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations.

Future FOMC Meetings

The next two FOMC meetings are scheduled for June 18-19 and July 30-31 The June meeting will include the summary of economic projections and a press conference by Chairman Bernanke.


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Comments
58 comments.
Comment #1 by Anonymous posted on
Anonymous
Ben aren't savers worth saving?

9
Comment #2 by Anonymous posted on
Anonymous
Bernanke is out of control. Print, print and then some more print. This guy ought to be tried for treason and destruction of a nation.

24
Comment #3 by Anonymous posted on
Anonymous
Ben is just using good money{savers} to chase after bad money{baby boomers}.  I wish they would just end medicare, social security, and medicaid.  These people are NOT my problem.  I don't need these programs.  It is not my problem you are old and broke.  I could care less.  If we all just cared about ourselves and worried about making ourselves financialy secure, there wouldn't be a society of entitled human beings.  Why should I who is in their 30s pay for someone's social security which I will never receive.

4
Comment #4 by Anonymous posted on
Anonymous
#3 You are smug know-it-all idiot. My parents have paid into the ss system all their lives, and they deserve their benefits. Take a hike and get a life!

20
Comment #21 by Anonymous posted on
Anonymous
#4 is 100% correct, #3 should have spoke about ILLEGAL IMMIGRATION, getting everything FREE.....

5
Comment #8 by Anonymous posted on
Anonymous
#3 is not a smug, no-it-all idiot.  #3 is just your standard TROLL.  Every site has them.  Someday they may grow up. 

4
Comment #5 by Shorebreak posted on
Shorebreak
Re: Anonymous - #3, Wednesday, May 1, 2013 - 5:07 PM

You need to get away from the Ayn Rand school of thought, that in all reality never has existed and never will. It's a philosophy that is doomed to failure in that it contradicts the very meaning of 'Civilization'.

11
Comment #6 by Anonymous posted on
Anonymous
o save us all omnipotent one  from our own evil devices not to self absorbed are we

2
Comment #7 by Anonymous posted on
Anonymous
Hey retires and AARP people like myself--your vote matters in 2014 and 2016--if you want this to stop--vote in a President who will stop it--by appointing a new person in charge of the FED...the current adminstration will never stop this..janet Yelllin will replace Ben--and she is on the same page as Ben.....change of party will change this...nothings perfect but dont we need a financial change???

14
Comment #24 by Maecl posted on
Maecl
#7:  Don't forget AARP supports this Admistration.  I left AARP When Obama Care passed.  I wish more people had.  Being retired in this enviornment is very difficult.

11
Comment #9 by Anonymous posted on
Anonymous
Oh, I'm not a troll, I'm being realistic.  Obama the chosen one is ready to change the way social security is calculated by using the chained CPI.  So Obama is starting to do what I want.

 

Look guys, let's be serious.  We have 17.5 trillion in debt, plus another 200 trillion in unfunded liabilities of social security and medicare.  So cuts are coming.  I'll never see what I paid into the system. 

4
Comment #10 by Shorebreak posted on
Shorebreak
Re: Anonymous - #9, Wednesday, May 1, 2013 - 9:01 PM

Perhaps you are being overly dramatic about it:

Come 2033, if Congress does nothing, there will be sufficient assets to pay 75% of the benefits.  In other words, while the money the country has supposedly been squirreling away in imaginary trust funds will have run out, the taxes coming in should still be enough to pay 75% of promised retirement benefits. To pay 100% of benefits, the combined employer-employee tax rate would have to be raised in 2033 from 12.4% to 16.7%.  If the tax were raised now, an increase to 15.1% would fund Social Security’s promises for the next 75 years.

6
Comment #11 by Shorebreak posted on
Shorebreak
The Fed's efforts to drive down unemployment and raise inflation to its target rate mean it isn't meeting either of its dual mandates: to maximize employment and maintain price stability. That makes it more likely that the Fed will maintain its current level of bond purchases until the end of the year or later.

"We expect the Fed will maintain the current purchase pace into early 2014, then taper gradually," Michael Hanson, a senior economist, wrote in a report for BofA Merrill Lynch Global Research.

http://hosted.ap.org/dynamic/stories/U/US_FEDERAL_RESERVE?SITE=ORLAG&SECTION=HOME&TEMPLATE=DEFAULT

2
Comment #12 by ytytytyt posted on
ytytytyt
.

.

Dear Readers,

Quoting from the statement:

>> Consistent with its statutory mandate, the Committee seeks to foster maximum employment
>> and price stability. The Committee expects that, with appropriate policy accommodation,
>> economic growth will proceed at a moderate pace and the unemployment rate will gradually
>> decline toward levels the Committee judges consistent with its dual mandate.
>> The Committee continues to see downside risks to the economic outlook. The Committee
>> also anticipates that inflation over the medium term likely will run at or below its 2
>> percent objective.

As a member of public I am glad that our elected representatives made the dual mandate and employed public servants who are carrying it out effectively without getting distracted by what is happening or what may happen to the (so called) savers.

I must congratulate the FOMC members for following the law single mindedly and performing the duties for which they were hired.

I especially appreciate Ms George's dissent.  I find comfort in her assessment "continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations." 

This dissent in no way talks about the clear and present danger we as a society are facing today - High Unemployment.  Ms George's dissent focuses on uncertain future.  Her usage of the word "could" makes it clear that she is merely concerned about a "possibility", and is not indicating that as a "certainty" at all. I appreciate the opinion of one public servant who is not in agreement with the other public servants serving us on the FOMC!

Yours Truly,
- Anon

3
Comment #13 by ytytytyt posted on
ytytytyt
.

.

Dear #1,

>> Ben aren't savers worth saving?

Aha ... A great rhetorical question!

I'm afraid this quetion is misdirected for the Chairman has no responsibility to "save the savers". 

Perhaps you need to ask this question to the elected representatives (Congressman Campbell included) this question.

Perhaps you need to ask them further that if the (so called) savers are really worth saving, then what are they planning to do about it?  Are they willing to change the law, so that the FOMC's mandate will include additional responsibility of saving the (so called) savers?

I suspect the elected representatives will answer the rhetorical question by some lip-service like: "Yes, the savers are our constituents, and we greatly care for their well being.  We will look into this matter in the most expeditious way".

And after that I guess the elected representatives will do next to nothing about this. :-)

... Give it a try #1 ... 

Yours Truly,
- Anon

4
Comment #14 by ytytytyt posted on
ytytytyt
.

.

Dear #2,

>> Bernanke is out of control. Print, print and then some more print.
>> This guy ought to be tried for treason and destruction of a nation.

Yeah ... Right !!!

While at it, how about going after the first and the second President who nominated him?  Also why not go after the Senators who confirmed him, and did not impeach him mid-term? 

And why jsut stop there ... why not go after the voters who elected the two Presidents and elected the Senators?

Try them all for treason!  :-)

Yours Truly,
- Anon

5
Comment #15 by Shorebreak posted on
Shorebreak
"The markets are still dominated by an underlying faith in the willingness of central bankers to protect the backs of investors and limit any downside (while, ironically, many of these same investors howl about ZIRP and QE, which were clearly intended to goose the value of financial assets and real estate, with the hope that would lead to more consumer spending).  And why shouldn’t the professional investors (as opposed to widows and orphans who can no longer rely on low risk bond investments to produce adequate income) be pleased as punch? This recovery may be nothing to write home about, but it sure has served those at the very top of the food chain extremely well. Remember, the income gains in this tepid rebound have gone entirely to the top 1% while the rest of us as a whole have lost ground."

http://www.nakedcapitalism.com/2013/04/the-hissing-sound-of-air-leaving-the-economy.html

6
Comment #16 by ytytytyt posted on
ytytytyt
.

.

Dear #9,

I agree.

I wrote about Social Security on "March 7, 2013 - 5:22 PM" at link below:

http://www.depositaccounts.com/forum/thread/12831-how-a-lifetime-income-annuity-works.html

Yours Truly,
- Anon

3
Comment #17 by Shorebreak posted on
Shorebreak
Post #10 still applies.

1
Comment #18 by Anonymous posted on
Anonymous
To ytytytyt, your logic is bellow 3rd grader, your chain of events lead to you and you are partially responsible for Bernanke behavior and in your extended thinking, nobody is to be blamed but ourselves.

Well. give me the power and I know much better of how to fix the economy then the elected officials. Since you are defending Bernanke, how about giving us your opinion of how should be instead of going in circles and blame everyone else but yourself.

10
Comment #19 by Anonymous posted on
Anonymous
why tee, 

I always wondered what Brian Sack did on his  off days.

1
Comment #20 by Anonymous posted on
Anonymous
Looking at these comments, I realize we live in a something for nothing society.  I just look this up, but currently about every one dollar a person puts into medicare, they receive 3 dollars.  This is a pyramid scheme.  They fail, but it is worse than a pyramid scheme because you are foced by gunpoint to pay it.  Social security is not as bad.  We can thank FDR for all of this.

 

You are now looked down upon if you are successful.  But I guess if I threaten you by taking back what is the fruit of my labor,  could understand why would be mad, because you are too lazy to do your own work and make your own money.  You rather rely on me.

5
Comment #22 by Anonymous posted on
Anonymous
Lets ask ytyt how his gold puchases are doing.... hahahaha

5
Comment #23 by Anonymous posted on
Anonymous
gold who invests in that any more for me its the revel casino in ac  chaching ha

1
Comment #25 by lou posted on
lou
Every week I get unsolicitated mail from AARP, which I immediately throw away. Senator Simpson of Simpson-Bowles fame said it best:

"AARP has learned to "gimmick" nonprofit laws to benefit its vast business empire and lobbying machine......expenses include $59 million in employee salaries and $22 million in office space including a "luxurious D.C. building nicknamed the  Taj Mahal".

7
Comment #26 by ytytytyt posted on
ytytytyt
.

.

Dear Readers,

I have questions to those, who - shall I use the word - dislike - our FOMC Chairman.

What are you going to do if Ms Yellen were to become the next FOMC Chair-woman?

Are you lobbying our President not to nominate her as a preventative measure?

Are you lobbying our Senate not to confirm her, if our President were to nominate, and Ms Yellen were to accepta, s a preventative measure?

Or maybe you have a rather radical plan?  ...  Maybe you are engaging lawyers already to prosecute her for the treason she will commit? 

Or maybe you have a rather futuristic plan? ... Maybe on the line of Minority Report you are planning to prosecute her well in advance for the treason she will surely commit? 

Or maybe you have a rather defeatist plan? ... Maybe you'll move to Canada and give-up your US Citizenship?

 :-)

... Or maybe you'll keep doing what you are doing currently? ... Keep on blaming the future FOMC Chair-woman for destroying our Dollar?  Keep on whining about how how  the future FOMC Chair-woman is responsible for the destruction of the USA? 

:-) :-) :-)

Yours Truly,
- Anon

3
Comment #27 by ytytytyt posted on
ytytytyt
.

.

Dear Maecl,

Dear Maecl,

Really? ... Did you really leave AARP when Obamacare passed? ... Looks like we have an old fashined quitter!

There are proposals to change the COLA. Check the details at link below that describes some details regarding the "Chained-CPI" ... Err ... before you use the link, be forewarned its from the web-site of AARP - the very organization that you quit! :-)

http://www.aarp.org/work/social-security/info-10-2012/proposed-changes-to-cola-insight-AARP-ppi-econ-sec.html

You quite AARP when Obamacare passed... so ... I wonder what (if anything) you plan to quite if the proposal goes thru?  ... You don't plan on quitting the use of Social Security completely ... Do you?



Being retired in this enviornment is very difficult.

Why? ... Did you fail to accumulate enough before retirement? ... Did you fail to consider the possibility of ZIRP? ... Did you remain content on blaming the Policymakers, rather than working hard to get ahead?

Will be interesting to know which all organizations you've quite so far, and which are on your bucket list? :-)

Yours Truly,
- Anon

3
Comment #28 by putzur posted on
putzur
ss i quit that  anos ago verazanno  to win the triple crown

1
Comment #29 by Anonymous posted on
Anonymous
To ytyt,

You missed the points of all the posts above. Defending the FEDs is like defending the mob. Their interest is not in you or me, they are committing crimes against all of us. Just wait few more years and you perception will change. Your wild comments serve no purpose at all in this blog. You never have any positive input on any subject, therefore, I will never read your posts or comment on your senseless inputs from now on.

10
Comment #30 by Anonymous posted on
Anonymous
do not understand if most of the people who comment on this site drone on  about cds  how do you afford your  cable bill surely you have other investments ? if not que lastima   i do not get it although i was able to retire at 49 live in the big apple and  can afford my cable bill

2
Comment #33 by Anonymous posted on
Anonymous
#30, in case you can't read and obviously don't comprehend, this site is:  Deposit Accounts.    That is why most of us discuss CDs and the current interest environment on our savings.

3
Comment #32 by Anonymous posted on
Anonymous
how intelligent 31 your mommy  and english teacher must be so proud  ha

5
Comment #34 by Anonymous posted on
Anonymous
and if all you have are cds then good luck 33 hope you do not out live  the 10s of thousands of dollars they are paying you  at the intersection of de nile road and reality check street

2
Comment #35 by ytytytyt posted on
ytytytyt
.

.

Dear #34,

Very succinct and funny post!   :-)

Yours Truly,
- Anon

 

 

1
Comment #36 by ytytytyt posted on
ytytytyt
.

.

Dear #23,

Indeed ... Wonder who "invests" in gold these days ... I haven't invest in gold in ages ... Actually I have not invested in anything in ages ...  :-)

... Simply have traded some of this and some of that! ...  ;-)

Yours Truly,
- Anon

1
Comment #37 by ytytytyt posted on
ytytytyt
.

.

Dear #29,

You must pardon my ignorance about the workings of the "mob".  No first hand knowledge at all, so I do not quite follow how the comparison you're making about the mob and FOMC is appropriate.  Don't know of any "mob boss" getting nomination from an elected representative, and don't know of one who subsequently gets "confirmation" for a different set of elected representatives, and don't know of one who is called a "public servant" either.

Quite frankly I don't know name of any real-life mob boss either.  (All I can think of is the fictional Don Corleone.)  ... Hey but I know of the name of our next likely FOMC Chair-Woman!  ... Unless you good ol FOMC bashers somehow prevent that! ... And hence my inquiry above about your plan, or shall I use the word "plot" regarding this.

... Oh .. feel free not to read this post BTW !!

Yours Truly,
- Anon

1
Comment #38 by Anonymous posted on
Anonymous
#37, a person who pretend not to have a knowledge at all about the subject "mob", has a mob mentality and they never admit any wrong doing, ever.They think of themselves as caring and deserving person and always try to be cool and popular, well, what do you say to that?

Yes, I know your answer already, you will start to be polite and work around the edges, until, bam!, you will say, I'm above that and can teach you another lesson of how not to mess with me.

See, we all know your MO and PR mentality.

7
Comment #39 by ytytytyt posted on
ytytytyt
.

.

Dear #38

>> and always try to be cool and popular, well, what do you say to that?

... Popular? ... Me? ... You're kidding ... Right? ... If you're serious then I say nothing to that!  :-)

Yours Truly,
- Anon

 

1
Comment #40 by Anonymous posted on
Anonymous
35 yt yt yt thanks but was trying to make a point not funny . Would be very interested as to what percentage the more learned folks on this site  hold in cash / cds i for one as of 1 2014 will have less than 3 percent in cds/ cash 65  percent in bonds 30  mfs 3 percent in reits if i were a gambling person i would wager a ducat  or 2 that the following have less than 10 percent in what i feel cds to be a loosing investmment seriously tell us  PB KT SB RH BU ET AL what is the number.  

1
Comment #41 by Anonymous posted on
Anonymous
To #39, there is good popular and bad popular, Hitler and Musolini were popular, so were Micheal Jackson and Elvis Presley, guess in which popular category you belong.

4
Comment #42 by ytytytyt posted on
ytytytyt
.

.

Dear #40,

The percentage varies. If/whwn I see an opportunity I'm willing to take, the cash percentage decreases.  When the opprtunity ends (in profit or loss) then the cash percentage increases.

Yours Truly,
- Anon

2
Comment #43 by ytytytyt posted on
ytytytyt
.

.

Dear #41,

Well then how about we turn back to Dr Yellen, and Dr Bernanke? To me they are rock stars, and by extension President Bush who nominated Dr Bernanke first time is a "sponsor" of this rock star, and so is President Obama who did it the second time.

Oh and how about you tell us what are your plans if Dr Yellen becomes FOMC Chair-Woman? ... Some Jews left Germany soon after Führer Hitler took office.  You don't have any similar plans if/when Dr Yellen becomes FOMC Chair-Woman ... Do you?

Yours Truly,
- Anon

1
Comment #44 by Anonymous posted on
Anonymous
42  i have heard of double talk but triple speak ?? however notice that none of the big shots cared to weigh in  and they know full well quien they are

1
Comment #45 by ytytytyt posted on
ytytytyt
.

.

Dear 42,

Indeed ...  I'll drop a few links where I've posted some of details of I did / going-to- do (in advance or in real-enough-time).

 http://www.depositaccounts.com/forum/thread/13527-tips-treasury-inflation-protected-bonds.html

http://www.depositaccounts.com/forum/thread/12731-precious-metals-miners.html

http://www.depositaccounts.com/forum/thread/12981-municipal-bonds.html


Your turn ... ;-)

Yours Truly,
- Anon

1
Comment #46 by Anonymous posted on
Anonymous
 yt yt yt aka glib glob glib glob?? 

2
Comment #47 by ytytytyt posted on
ytytytyt
.

.

That would be buy-sell, buy-sell or short-cover, short-cover actually.

1
Comment #48 by Anonymous posted on
Anonymous
not that there will be any factual answers but let me surmise ytyt 25 to 35  favourite artist andy warhohl favourite  three digit number 420 but do not give out to much info people are so paranoid these day it is amazing that they have mirrors in there dwelling or a computer at all where as i would have no problem sending any1 a copy of my  last brokerage statement

2
Comment #49 by ytytytyt posted on
ytytytyt
.

.

Dear #48,

Right ... you'd have no problem to send copy of your last brokerage statement to anyone, but I have a problem to receive another piece of junk mail ... So ... you better find another taker who is willing to accept junk mai from youl  ;-)

Yours Truly,
- Anon

1
Comment #50 by Maecl posted on
Maecl
There are posters here that make assumptions of those they know nothing about.  You have no idea what issues anyone is dealing with.  If someone in retirement is having difficult times you can't assume they didn't save for the future.  You don't know their medical condition.  You don't know their medical expenses.  You don't know if they are helping their parents or a child in need.   You don't know how anyone accesses the internet.  They may use a library or a government supplied cell phone.  You don't know what they might be giving up for that service.  You know nothing about anyone.

In previous years if one had 1 million in an ordinary savings account that would have earned an annual income of $55,000.  Today in many local banks that earns $500.  Who would have predicted that?  I know you can earn more in other investments, but none are producing much income.

This is a government caused problem and the majority of them don't have what it takes to fix it and many are making it worse.

5
Comment #51 by paoli2 posted on
paoli2
Maeci:  Thank you! Thank you for posting what I keep thinking reading some of these posts.  You have not only hit the nail on the head, you gave it a proper burial.  No one knows what they will have to use their retirement money on or how much will really be enough.  I spend my days just hoping to find 2% CDs when I should be living the "good" life!  Why do I need those 2% CDs??  To help someone else  just be able to survive due to unfortunate circimstances.  That is why I preach one should "oversave".  Whatever you think is enough, save more!  Thank goodness I had the wisdom to do this or we would be in a sunken boat by now.

2
Comment #52 by Anonymous posted on
Anonymous
ha 49 at least i have a statement to send ha

1
Comment #54 by ytytytyt posted on
ytytytyt
#52. ... So?  Local Pizaa Hut here also has plenty of junk mail to send.  Hawk your junk mail to someone else.   :-)

1
Comment #53 by ytytytyt posted on
ytytytyt
.

.

Dear Maecl,

Assumption? ... Nah ... Its no assumption that you quit AARP, rather was an admission from you ... Hence the question ... What are you planning to quit if/when proposal about chained-CPI becomes a reality? 

>> In previous years if one had 1 million in an ordinary savings account that would
>> have earned an annual income of $55,000.  Today in many local banks that
>> earns $500.  Who would have predicted that?

Exactly ... You indeed have hit the nail on the head ... And the head is your own!   :-)

In my earlier post I inquired whether you failed to consider the possibility of ZIRP.  And I can see the answer to that is a resounding yes! So you see Maecl, in a round about manner you have arrived at your failure afterall. :-)
 

>> This is a government caused problem and the majority of them don't have
>> what it takes to fix it and many are making it worse.

What is? That you failed to consider the possibility of ZIRP? 

Or that we have ZIRP?

 

>> This is a government caused problem and the majority of them don't have
>> what it takes to fix it and many are making it worse.

Who is them? Our government is not imposed upon us, but we elect our own every four years.

Where were you and what were you doing when supposedly the "Government" was causing the problem?  Give us your estimate of when the supposed problem started?  During President Clinton's final term we were having a surplus, so it got to be after that. No?... So where were you?  Did you see the problem building-up?  Did you take any preventative measures?  If you failed to take any preventative measures, then did you take any corrective measures?  No?

It is is rather easy for you to blame the "government", but tell us if you are a citizen/voter/taxpayer here, and consider yoursself even a little bit responsible in any way for our government?  No?

If you're saying majority of "them" do not know how to fix it, then tell us which minority of them know how to fix this?  Go on, name the names!

 

>> This is a government caused problem and the majority of them don't have
>> what it takes to fix it and many are making it worse.

No.  The problem of unemployment is slowly getting fixed.  And for sure "they" know how to fix it.  My previous generation was wise enough to create a body called FOMC, and was equally wise to give them the mandate to maintain price stability, and to fight the unemplyment.  And they were wise to give them tools necessary to perform this task. And I am glad to note our FOMC is doing is marvellous job of fighting the high un-employment!  :-)

...

On a different note, you did not answer what other organizations are there in your bucket list?  :-)

Yours Truly,
- Anon

1
Comment #55 by Anonymous posted on
Anonymous
is it not a redondency? ph equals  junk must not live the big apple

1
Comment #56 by Maecl posted on
Maecl
paoli2:  As you can see the comments keep coming from them.  Just ignore them.  Good luck finding those 2% CDs.  In my are of CT they don't exist.  Take care of PD, DP and yourself.  Let hope for better times.

1
Comment #57 by Maecl posted on
Maecl
paoli2:  I meant DD

2
Comment #58 by paoli2 posted on
paoli2
Maeci:  No big deal with the "PD".  I thought you were just coming up with a new one  for PD as in "Precious Daughter".  I like that even better.  :)

1
Comment #59 by Anonymous posted on
Anonymous
i thought this was deposit accounts not face book or twitter whats next picture and recipe swapping

1
Comment #61 by Maecl posted on
Maecl
#59:  I can also share skincare & exercise advice.

1
Comment #60 by Anonymous posted on
Anonymous
to Anonymous - #59,

What deposits, they are down the gutter thanks to Bernanke. We can not live off our savings anymore, so we turn on each other to went some steam. In my book, that is normal human behavior. Welcome to the no interest paid on your savings blog. We allow ranting and attacks on each other, it is the new normal for Bernanke and all of us.

3
Comment #62 by Anonymous posted on
Anonymous
ZIRP 4 EVER BUT CAN YOU LIVE OFF THOSE 2 PERCENT CDS andGO TO FOXWOODS WITH all that cash

1
Comment #63 by Anonymous posted on
Anonymous
To #59, I have news for you, Obama thinks to put tax on all money transactions and on all deposits currently held as savings. Now, what are you going to do:

a) Lay down and play dead or

b) Fight back till you drop dead.

In either case, you are dead on arrival if you don't feel angry at the present FED's chairman and Obama ideas.

Now is your turn to rant back at me.

See how it works, it it may make you feel good and you may become productive citizen.

1
Comment #64 by Anonymous posted on
Anonymous
golly gee 63 guess i did not get the memo that my 6 percent munis due in 2020 are now taxable thanks for the info  i feel so good now  cyA at the taj 5 10 poker  anger does not pay the bills  hard work and proper investing in non cds does plus i am A LOVER NOT A FIGHTER

1
Comment #65 by Anonymous posted on
Anonymous
7.5 HOURS LATER STLL WAITING FOR YOUR RESPONSE  63

2
Comment #66 by Anonymous posted on
Anonymous
61  the shopping channel has the total gym and wen  hair  products on sale today

1