- Dec 28, 2009
- Reaction score
- Political Leaning
Those long term CDs helped my parents in their retirement. With all of this debt, we might wind up with high interest and relatively low inflation.
I think though that this administration is going to favor inflation. The way to do that with a slack economy will be to devalue the currency. Like is being pushed with the Chinese currency. Look at what has happened to the dollar against the Looney.
Right now I would be thrilled with a long term insured CD paying 7%. I think I would put everything into them, retire and relax.
Interest rates can not go up as long as the FED is giving banks all the money they want at zero % interest.