James Lewis

Global Markets in Review: Reversal in Financial Markets

Correct me if I am wrogn but those that were saving last year did not have their pants pulled and smacked. While those that invested were led off a cliff.

It is bad that the savers are being subject to low interest rates, but in a climate of deflation they are still positive. Of course if the government did not bail out the banks, these savers would have lots all their money because the bank does not have it being insolvent.