`Virtuous Cycle` of Low Interest Rates Gives Savers Hope

wall.st.CROOKS | Dec 19, 2012 09:02 AM ET I am an old guy. Retired and living on SS and a small pension. The ZIRP policy has effectively killed my ability to spend on anything beyond the basics. When I was getting 4-5% on CD`s all of that interest money was available to spend on non-essential items. Now it is food-shelter-clothing and that is it. Countless other seniors are in the same boat so it makes me wonder whether the FED is putting their efforts in the right spot. If we are a 70% consumer driven economy it seems like they are taking a large portion of consumers out of the picture.

EirikKC | Dec 19, 2012 09:19 AM ET So, basically, economy comes back and rates go up. Brilliant analysis. FED keeping rates low `til 2015 so more than "next few months."

TEA_BAGGING_IDIOT | Dec 19, 2012 11:32 AM ET Ha Ha, boomers didn`t save for retirement. Anyway, bonds are where money goes to die. You wanna be a lender or an owner? It`s that simple. GSK pays over 5% dividend yield and is a wonderful company trading at 13x earnings. People stuffing cash into their mattress and burying gold in the backyard will never understand.






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`Virtuous Cycle` of Low Interest Rates Gives Savers Hope

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