3.03.2010

Arbeit Macht Frei

We've noted before that Zimbabwe Ben's free money party is particularly brutal on the elderly, as they earn 0% on their savings and can't keep up with the rising cost of food and home heating.

CareerBuilder today says that 72% of the working elderly say they can't afford to retire.

Should have got a government job, stupid. They get fat pensions and often very, very early retirement.

1 comment:

Anonymous said...

Got my Vanguard e-statement.

Made the following princely sums:

IRA Federal Money Market Fund - 19 cents - 19 cents

Tax Exempt Money Market Fund - a whopping $3.36

That my friend makes my total take for February $3.55

I am in absolute pig heaven with delight. What shall I do with such an enormous sum of money? Manna from Heaven - three hundred and fifty five pennies! Shit, I might just go throw around some cash this evening and see if I can't get me some girly action going - I'll score big with that kind of coin! The ladies love a man of solid means - trouble is I'd have to be shooting for pre-school aged women to impress anyone and I ain't into that.

Jeff

Livin' the Dream man!

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...