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Why You Shouldn’t Panic About The Coming Fed Taper

Sunday, August 18, 2013 - 6:01 AM
“There has effectively been a transfer of wealth in recent years from savers to those who were willing to take more risk with their investments,” says Paul Jacobs, a financial planner with Palisades Hudson Financial. “That can’t last forever, and, ultimately, it will be beneficial in the long-term for rates to return to more normal levels.”

http://www.thefiscaltimes.com/Art....aspx#page
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ShorebreakShorebreak2,365 posts since
Apr 6, 2010
Rep Points: 12,598
1. Monday, August 19, 2013 - 10:17 AM
“That can’t last forever, ..."; but it can last for a long time.  So savers, do not count on tapering is the begnning of saving rate increase.  The gap between tapering and saving rate increase is an unknown time frame that can be several years.
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51hh51hh1,460 posts since
Jan 16, 2010
Rep Points: 6,348
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