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Here’s where you can find higher yields on your cash now, as Fed cuts loom
and CD rates are already falling
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Savers and cash investors fell in love with certificates of deposit in
recent years, but some financial advisers say it’s time to look around as
interest-r...
13 minutes ago
2 comments:
The prospect of stagflation, indeed, is raising a growing amount of hackles on Wall Street these days on worries that the jobless picture isn’t getting any better and the cost of living—the primary effect of inflation—is rising.
“Their deliberate debasement of their currencies has led to a hallowing out of savings, productive investment and the middle class—leading to an exacerbated and prolonged economic malaise,” Michael Pento, senior economist at Euro Pacific Capital and frequent Fed critic, wrote in a recent analysis. “Bernanke may not believe in stagflation but that doesn’t make it any less a reality.”
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