"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
-- Adam Smith
Well the rich have gotten richer... kinda fits that the stock market is up and up.. Does it impact the average person.. nope.
T-bonds have no risk? CDs provide "solid returns"? What? Neither is true due to inflation. (BTW, USNews, among others, recently identified T-bonds as their "Worst bond investment for 2012")As far as T-bonds and CDs go: both are very strong investments right now. They have no risk and provide solid returns. If we suffer a double-dip recession, or even a cooling off (which is pretty common over the summer months), you'd be happy you're invested in long-term, zero-risk instruments.
'Ya know, I remember a time, before the Dow plunged, when it hit 14,000....... Which leads me to ask this question...... Which is better for America and it's economy? The cycles of boom and bust that we experience, or a steady growth of maybe 2 or 3 percent?
The ghost of Jack Kevorkian for President's Physician: 2016
This is just basic physics - compound interest is the most powerful force in the universe, (not to mention) the eighth wonder of the world, and the most significant mathematical discovery of all time...