Watch Global Credit Markets . . . .

[AlbertaFarmer5]

"An economic depression' is the end result of this who-cares-how-much-debt-we-have attitude. Then the value of a dollar takes on a whole new meaning . . . .

No disagreement on the inevitable outcome of unsustainable and irresponsible fiscal policies.

But knowing that without a timeline attached, is worse than useless. Anyone living and investing in fear of the promised crash of the US economy and dollar has not been well served, for, basically ever. By the time the US crashes and burns, every other economy will have been a smoldering ruins for years already.

[Guest]

AC Brandon ?

This AC Hughes is 435-450
But they dont care here

[biglentil]

"An economic depression' is the end result of this who-cares-how-much-debt-we-have attitude. Then the value of a dollar takes on a whole new meaning . . . .

That's the mainstream thesis. However there is no such thing as printing prosperity. Without an increase in productivity more dollars chase fewer goods. Thats what we are seeing a decrease in the marginal utility of stimulus and hence stagflation. The idea that dollars are going to gain value is a pipe dream of savers. Unfortunately for savers they are far outnumbered by spenders. For there to be a deflationary depression governments and central banks would all the sudden need to become responsible. Not going to happen.

[biglentil]

"An economic depression' is the end result of this who-cares-how-much-debt-we-have attitude. Then the value of a dollar takes on a whole new meaning . . . .

That's the mainstream thesis. However there is no such thing as printing prosperity. Without an increase in productivity more dollars chase fewer goods. Thats what we are seeing a decrease in the marginal utility of stimulus and hence stagflation. The idea that dollars are going to gain value is a pipe dream of savers. Unfortunately for savers they are far outnumbered by spenders. For there to be a deflationary depression governments and central banks would all the sudden need to become responsible. Not going to happen.

[seldomseen]

My wife just informed me that our highest earning saving account was .01% today!

I guess then next step is us paying then to hold our money.

[Sodbuster]

Made a deal with our bank a few years ago to pay me 1% on my checking account, to this day I’m still getting 1%. I doubt that they will ever catch it.

[farming101]

My wife just informed me that our highest earning saving account was .01% today!

I guess then next step is us paying then to hold our money.

Service charges; we're paying them already

[Guest]

Steinbach credit union , Mb, todays rates
Always way ahead of the rest
Dealt with them for years
There are better rates there than this too for more money and long time customers

[biglentil]

My wife just informed me that our highest earning saving account was .01% today!

I guess then next step is us paying then to hold our money.

Jim Grant calls it "return free risk". For allowing the bank to lend your money out they pay you significantly less than the posted inflation rate. Its a guaranteed loss on the purchasing power of your savings. Buying good new iron just to park money isn't that crazy of an idea.

[errolanderson]

Jim Grant calls it "return free risk". For allowing the bank to lend your money out they pay you significantly less than the posted inflation rate. Its a guaranteed loss on the purchasing power of your savings. Buying good new iron just to park money isn't that crazy of an idea.

If the stock market blows-a-tire, cash may not be a bad spot to be in. Gold is now following equities as overlevereraged speculators now have the steering wheel, not physical demand.

Deflation could rear-its-head as money printing has had little impact on inflation (IMO).