All mom and pop want is a "reasonable return" on their money...
And a 5% CD yield at the bank will do just that...
Bank CDs are getting close to the magic number...5%...and if they do go to 5%, as they must if the FED wants to "stop the bubbles" in Real Estate and Stocks...not to mention "commodity speculation" in gold and oil...it's over for stocks on Wall Street.
Alas, remember when Greedspan "forced us" into stocks after the Internet Bubble in 2000...with those .9% yeilds at the bank?
Those days are over... So, it's not "inflation" that is going to stop the stock rally on Wall Street...it's the bank rate on CDs...
Alas, the Wall Street pundits haven't noticed THAT little chestnut yet...
So, let's not tell them,...ya think? Let them wonder what's happening...they may figure it out sooner or later.
