Fed Seems Determined to Entice Savers to Hoard Hard Goods to Somehow Support Our Service Economy During Next Crisis

October 12, 2015
Fed officials seem ready to deploy negative rates in next crisis

For instance, $100 in the bank would be worth only $98 after a certain period.

Oh, yeah. That will definitely entice me to spend the money frivolously on the discretionary purchases that keep this economy rolling. Count on it. Hell, might even get my hair cut once a week instead of every few months.

Too much sarcasm? Seems excessive again!

Is it any wonder that I still find value in long-term treasury inflation-protected securities (TIPS)? Pry them from my cold dead fingers I say.

Special note to short-term savers still holding out hope for the long-term future. Good luck on that.

This is not investment advice.