Back to goverment screwing the savers, UK Yahoo says penison funds there are losing tens of billions of dollars because the Brits are doing quanatative easing too.
Thomas Sowell: There are no solutions, just trade-offs.
Yes the effect of low interest rates is hurting pension funds, many under funded states and locals use 8% return estimates which are too high, but they don't want to reveal how bad of shape they are really in to the taxpayers. I think I read private co. pensions changed to an assumed 5.5% long term return. And they are pumping money in.
The expanded money supply is not affecting the economy much because the Velocity of money is near record lows. Look at the Velocity of M2. Bernake is still scratching his head wondering what to try next.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
