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<p>[QUOTE="medoraman, post: 1893672, member: 26302"]Every Fed Chairman will be either a "pick pocket" or "highway thief" depending on which side of the fence you are on. Remember 1981? Savers remember that as the "good old days", while I remember 17% mortgages and the collapse of housing prices due to sky high interest rates. I just closed on a new house, so I for one am not decrying low interest rates right now, and neither am I upset at virtually zero LIBOR rates that are the base upon which I pay interest to the bank at work. If I were a saver right now though, like someone about to retire, I would be very PO'ed about it. I understand people mad about low rates, I really do, I am just saying for every yin there is a yang.</p><p><br /></p><p>Always winners and losers for ANYTHING they do. Its simply their job to do what they view is best for the entire country. I frequently disagree with their actions, but it truly is a damned if you do/damned if you don't position they are in.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1893672, member: 26302"]Every Fed Chairman will be either a "pick pocket" or "highway thief" depending on which side of the fence you are on. Remember 1981? Savers remember that as the "good old days", while I remember 17% mortgages and the collapse of housing prices due to sky high interest rates. I just closed on a new house, so I for one am not decrying low interest rates right now, and neither am I upset at virtually zero LIBOR rates that are the base upon which I pay interest to the bank at work. If I were a saver right now though, like someone about to retire, I would be very PO'ed about it. I understand people mad about low rates, I really do, I am just saying for every yin there is a yang. Always winners and losers for ANYTHING they do. Its simply their job to do what they view is best for the entire country. I frequently disagree with their actions, but it truly is a damned if you do/damned if you don't position they are in.[/QUOTE]
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