http://finance.yahoo.com/blogs/break...132824067.html
'destined to implode'
yeah, clip, our top cd where i work is at 2.1%. at this point, i recommend people look into some sort of universal life insurance-typically they still have a interest rate of 3.5-4% guaranteed. that rate sucks, but it's still better than what savings and cd's have, and at least you have a guaranteed face amount! or, there's whole life with guarantees as well. i read a ny times article in their financial section some months back in which financial managers said they were encouraging their investors to buy life ins.
i checked on my husbands 401k plan, still doing well thank goodness. people might want to check on their asset mix-make sure you have some bonds in play.
as for the president-meaningless. and if we have a change come fall, it won't get better. congress is the key!!!!! people vote out your incumbents. we need to break that cycle up there. that's where the reforms need to be made.