“They stick a Q-tip up your nose so far, you can see it through your eye,” I thought, as a friend described what it was like to watch his daughter squirm in pain and holding her in place as the doctor performed a COVID-19 test. No thanks. But Rhode Island requires school children showing two signs of COVID-19, which we all have when we get a cold, must be sent home. They can return with either a doctor’s note saying in writing he doesn’t believe a test for COVID-19 is necessary, or take the traumatizing test and wait at home for the results. Both options stink, and are disruptive to say the … [Read more...]
Archives for October 2020
Why Ultra-Low Interest Rates are Bad for You, the Economy, and Inflation
If the Fed sticks to its forecast of leaving interest rates at zero for another three years, the U.S. economy will have gone through a 15-year period where interest rates were at zero for about 12 of those years. What a gut punch to investors in or nearing retirement. The cost of safe retirement income has never been as expensive as it is today. If you want return even if it ends up being ephemeral return, you have to take more risk. To the Fed’s way of thinking, low-interest rates stimulate economic growth and stoke inflation. Retired investors be damned! Yet, since the Fed moved … [Read more...]
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