Low Interest Rates Have Impoverished Savers While Enriching Large Corporations

Every bank depositor is painfully aware that the effective real return on savings, after taxes and inflation is now negative.  The bad news is that this situation is unlikely to change.  Recent comments from the Federal Reserve indicate that they intend to keep interest rates at historically low levels for an extended period of time. […]

Banks Were The Worst Place To Keep Your Savings This Year

Federal Reserve Chairman Ben Bernanke warned us repeatedly that he would repress interest rates indefinitely in order to help the economy and the housing market.  Interest rates on government treasury securities have reached all time lows and bank depositors are receiving close to a zero return on their savings.  Meanwhile, both housing and the economy […]