 |
bostonbubble.com
Boston Bubble - Boston Real Estate Analysis
|
|
SPONSORED LINKS
Advertise on Boston Bubble
Buyer brokers and motivated
sellers, reach potential buyers.
www.bostonbubble.com
YOUR AD HERE
|
|
DISCLAIMER: The information provided on this website and in the
associated forums comes with ABSOLUTELY NO WARRANTY, expressed
or implied. You assume all risk for your own use of the information
provided as the accuracy of the information is in no way guaranteed.
As always, cross check information that you would deem useful against
multiple, reliable, independent resources. The opinions expressed
belong to the individual authors and not necessarily to other parties.
|
| View previous topic :: View next topic |
| Author |
Message |
GenXer
Joined: 20 Feb 2009
Posts: 703
|
 Posted: Fri May 01, 2009 9:10 pm GMT Post subject: All I-bond rates reset today...to 0% |
 |
|
At first I thought it was a typo, but that is not very likely.
Owing to the collusion of the teleprompter and the printing press, the I-bond rates have reset to 0%. So the official inflation is actually -2.78%. You'll see something like this once in a long time. The I-bond has become irrelevant (this rate could continue for a while).
Now, think about this. A negative rate will bring down ALL I-bond yields to 0. So much for beating CDs. They could have done better, but I guess they have the printing press and do not need our money. This is what happens when the government's fiscal policy runs amok. Inflation is not negative or 0, it is real, as anybody who's shopping for food knows. |
|
| Back to top |
|
 |
nickbp
Joined: 26 Feb 2009
Posts: 75
|
| Posted: Fri May 01, 2009 10:27 pm GMT Post subject: |
|
|
Yeah, I was hoping that they'd bring the fixed component back into 1%-2% territory in order to get people to consider them despite the current composite rate, but nope! I think I'll just stay with my current savings account for now, since it's getting a better rate than pretty much anything that isn't 5+ years.
| Quote: | | This is what happens when the government's fiscal policy runs amok. |
Given that I-Bonds are placed in home-user territory due to their $10k/year/SSN limit, I doubt Treasury put much trouble into applying a policy to these. I think it's just how the math works out for now.
Random tip: These guys have a 7% 1Y $1000 CD for new accounts. I signed myself up a couple weeks ago. |
|
| Back to top |
|
|
|
|
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
Forum posts are owned by the original posters.
Forum boards are Copyright 2005 - present, bostonbubble.com.
Privacy policy in effect.
Powered by phpBB © 2001, 2005 phpBB Group
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
