The Federal Reserve announced earlier this week that it would maintain its Zero Interest Rate Policy (ZIRP) at least through the end of 2014. It had previously committed to hold interest rates a near-zero levels until mid-2013. That means another three years of low interest rates on traditional savings vehicles (money market accounts, savings accounts, [...]
The S & P 500 stock index finished 2011 at the same point where it began the year. Investors in the broad index realized no gain for 2011. Many stock analysts forecast an economic climate that will produce low returns in the stock market for the next ten years. The Federal Reserve has committed to [...]
Some time ago, Rosa and I adjusted our budget, our forecasts, and the management of our money to account for a minimum interest rate of 3% on 5-year certificates of deposit for an extended period of time. Over the last three years of zero interest rate policy (ZIRP) by the Federal Reserve, interest rates for [...]
