This is one of my favorite subjects ... which is why I'm so boring.We are printing money like it is going out of style and yet have no price or wage inflation??
Thats why I invest in "things". I keep enough cash to live on for six months but after that I buy steel, lead, and brass. Oh, and silver in the form of junk us coins.Upset with your savings rate imagine how the Chinese feel with our treasury bonds? Has inflation been under control for that many years that lower rates are justified? I know Slick Willie jiggered the CPI formula to stick it to social security recipients and I suspect that is the standard the fed uses to keep rates down. With all fuel costs high, groceries cost high and headed up and anything with metal in it outrageous then what is the true definition of inflation?
I personally believe the low interest rates aren't justified but are just an attempt by the fed to keep our borrowing costs down. We are printing money like it is going out of style and yet have no price or wage inflation?? I know figures don't lie but liars figure and I suspect this will all come to a head in the next 4 years.