Fantastic news and a windfall for those fortunate retirees whose pension buyouts are inversly tied to the 10 year note rate( a common mechanism of buyout). Assuming they are comfortable managing their own money and the risks that entails...difficult in this day and age of conspiracy, corruption, manipulation etc.
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"There was a land of Cavaliers and Cotton Fields called the Old South... Here in this pretty world Gallantry took its last bow... Here was the last ever to be seen of Knights and their Ladies Fair, of Master and of Slave... Look for it only in books, for it is no more than a dream remembered. A Civilization gone with the wind."
Q: Are You Printing Money? Bernanke: Not Literally
6 years of easy money and inflating equity and real estate prices. BTW the "easy money" ain't coming my way, only to the Banks. My income is earned the old way, hard work!
MGLICKER
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Liberty: Parent of Science & Industry
"There was a land of Cavaliers and Cotton Fields called the Old South... Here in this pretty world Gallantry took its last bow... Here was the last ever to be seen of Knights and their Ladies Fair, of Master and of Slave... Look for it only in books, for it is no more than a dream remembered. A Civilization gone with the wind."
I knew it would happen.
My income is earned the old way, hard work!
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Knowledge is the enemy of fear