Tuesday, March 3, 2015
Are We Steady As We Go?
CERR Investments: It looks like the economy is on cruise control most of the time. Good economic data is coming in and everyone is adding to the stock market. If things were as good as it seems then why is the Federal Reserve so much involved with manipulating interest rates. How much longer can bank accounts, CDs and money markets continue to pay little to no money to investors just because they don't want to except a certain level of risk. Most of us are afraid of what happen in 2008 and will not forget it. If you leave the big banks and equity fund managers alone for too long they will find away to gamble with money and chase the big profits. Remember profits means big bonuses. I hope one day that people who invest in other people's money will look out for those investors.