Hang on a minute, a 4% interest rate with a 10% inflation rate means a 6% LOSS of purchasing power. And this is a good deal??? Blithering idots or Con Artists? You pick.
Even with roaring inflation, there’s a glass half-full approach to the issue that can ease the sting. One positive: six-month Treasuries are now yielding around 4%. So says Howard Hook, a CPA and certified financial planner with wealth management firm EKS Associates in Princeton, N.J. He says consumers should […]