OBLAMA'S ECONOMY HURTING SAVERS AND SENIORS...IN ORDER TO KEEP THE ECONOMY ALIVE, FED HAS TO KEEP INTEREST RATES HISTORICALLY LOW
In my line of work, i have seen how low interest rates are killing interest sensitive savings and retirement products. take annuities, for example, top companies have discontinued offering many annuities and benefits which can't be sustained in this environment. and what about savings, what does your savings account earn? nothing! so i guess it makes more sense to go into the equity markets. i know that's what i've done. it takes about 1/2 a minute of considering a cd before you realize that's a waste of time. so these this sorry state is lifting the market. but it isn't for the right reasons.