I really sense something perverse in the near nonexistent interest rates on saving. What’s the point? Remember the days of interest compounded daily, instant liquidity, and a nice yield of four or five percent? The current Fed policy requires one to put money in the stock market. There’s nowhere else to put it. Meanwhile the banking houses can go to the discount windows and borrow millions for practically nothing and loan it out at credit card interest rates of up to twenty percent. This is almost evil. Where’s Andrew Jackson when you need him? He’d be calling for the rope.
I'm making 12%-13% annualized returns in bond mutual funds right now.