Low interest rates are bad for savers, but good for those who owe the IRS
A refrigerator is not a luxury

Where to put your money, redux

In catching up on my reading this afternoon, I ran across an article on the hidden dangers in safe havens. Since it fits with my post this morning about low interest rates, I wanted to share.

All the recent financial turmoil now has me wondering if when China became the United States' biggest creditor, the country was hit with a variation of that often-cited (faux?) Chinese curse: May you live in interesting financial times.


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