The following chart shows real deposits at all commercial banks per capita (January 2014 dollars).
Click to enlarge.
1. 18 years of bad weather?
2. Real deposits per capita were falling in the 1970s.
3. Rising interest rate environment my @$$.
Old Yellen' was last seen holding a vigil for the bond vigilantes behind the woodshed. She doesn't need to "put down" short-term interest rates though. We're the ones doing it.
This is not investment advice. Just an ugly chart (for savers) and opinions again!
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