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All US presidents directly control interest rates with a system of levers and pulleys located in a secret compartment is the Oval Office. The same secret compartment contains levers that control global oil prices, the unemployment rate, the economic growth rate, the inflation rate, global CO2 emissions, and the severity of your wife’s period.
Unfortunately, I believe the FED has become subject to political pressure.
Are you talking about pre Trump because interest rates have been at the lowest since the recession, despite the upward economic trend that followed. Aka, it's been artificially inflated with cheap money.
Savers are doing better than spenders. Investors are doing better than savers. Again, if all you're doing with your savings is letting your bank use it then you aren't going to do great - you'll do better than spenders, but not by much. If, however, you put that savings into the right account you will do quite well in the current market.
It was not a discussion on what to do with your money. It was a simple statement. Savers are not doing well and even saying they are doing better than spenders is a generalization, nothing more.
It was not a discussion on what to do with your money. It was a simple statement. Savers are not doing well and even saying they are doing better than spenders is a generalization, nothing more.
Saying that savers are not doing well is a generalization as well, but if you want to argue semantics feel free. The fact that you don't understand the difference between spending, saving, and investing is not my problem.
It's your claim, you explain it. I've already stated my position, which is that savers do better than spenders and investors do better than savers. "Doing well" is a relative term, anyway, which depends upon what one's own view of "well" is.
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