Debbie and I are on the road heading to Portland, Maine and Woodstock and Dorset, Vermont. Yesterday after cherrystones and oysters at Barbara Lynch’s B&G Oyster in the South End, we came upon this bank window sign. Great rate indeed!
Thanks to the Fed’s misguided policy of money printing, the money-changers on Wall Street are borrowing at virtually nothing to speculate. Meanwhile, Ma and Pa in retirement are earning crumbs on money saved over a lifetime of hard work. Some retirement income. And the American voter sees nothing wrong with this picture?
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Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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