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To: jveritas

There is a lot of cash on the sidelines ...if you sit on it you lose big if inflation goes up as dramatically as most people think


16 posted on 03/26/2009 1:43:46 PM PDT by woofie
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To: woofie
I have some losses to make up, so I welcome this bump. Of course, this IS only temporary until the effects of Omamanomics kicks in, which will take at least another year.

By then interest will go up, Banks will strengthen again and start offering high return C.D.’s again like they did during the Carter depression. That is when I will sell off all stocks and securities and jump into money markets and C.D.s. I remember during the Carter years, getting 21% for a 90 day C.D., which was the result of the Fed raising interest rates like they should be doing now but aren't.

Eventually though they will have no other choice.

21 posted on 03/26/2009 2:02:13 PM PDT by PSYCHO-FREEP (WHAT? Where did my tag line go? (ACORN))
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