…The data shows a crushing blow to the finances for most Americans. The net worth of many Americans fell by nearly 40 percent between 2007 and 2010. A large part of this has to do with the collapse in the housing market. The Fed is trying its best to inflate that market once again but it is coming at a cost. Many retirees rely on fixed income investments and these are taking a beating with quantitative easing. Take a look at bond rates and CD rates and you will realize what a negative interest rate environment looks like…
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