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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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To: PSYCHO-FREEP
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.

This time, it will be more like 2001%.

They are multiplying the money supply by a factor of 15.

Obama has built 7.5% inflation right into his budget projections.

And we know how accurate his numbers are.

27 posted on 03/26/2009 2:18:57 PM PDT by E. Pluribus Unum ("Only after disaster can we be resurrected." -- Tyler Durden)
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