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re: are cd's a good idea?

Posted on 8/23/16 at 3:56 pm to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73257 posts
Posted on 8/23/16 at 3:56 pm to
21.5% prime rate under james earl carter in late 70's.

chew on that for awhile.

hell i was happy getting 4% in a money market account in late 90's. then down to 2%. That shite went the way of the dodo bird also.
Posted by Jag_Warrior
Virginia
Member since May 2015
4134 posts
Posted on 8/23/16 at 4:37 pm to
Yep. There was nothing playful about "Big Paulie" Volcker. Legend says he was so tough that he once got bitten by a rattle snake... and the rattle snake died! Compare him to the mop headed muppet that's in charge of the Fed now. God help us all.

I do feel for elderly people who only know bank products and nothing about alternatives.
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