Exactly, and now with the artificial inflationary pressures of 12% of GDP being federal spending, we will see price increases again, and that will destroy both savings and the value of debt instruments.
A T Bill is paying .28%, inflation is running (officially) at 2% meaning one is losing money if one purchases a debt instrument, and that will only grow worse as the porkulus monies spread throughout the economy.
I’m still making 5% on a jumbo CD and over 2 1/2% on our money markwt accounts.