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: Instapundit.comWELCOME TO JAPAN: At Tiny Rates, Saving Money Costs Investors. ?What the average citizen doesn
By Glenn Reynolds
WELCOME TO JAPAN: At Tiny Rates, Saving Money Costs Investors. ?What the average citizen doesn?t explicitly understand is that a significant part of the government?s plan to repair the financial system and the economy is to pay savers nothing and allow damaged financial institutions to earn a nice, guaranteed spread.?
Plus, good news for seniors! ?If your assets aren?t appreciating and aren?t producing any income, you?re getting eaten up in this interest rate environment.?
Full post as published by Instapundit.com on December 27, 2009 (boomark / email).
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