According to this newsletter within the New York Times, humans in the meanwhile are willing to shop for up Treasury securities at 0 percentage yield. That's zero as in nothing. Nada. Zilch. The identical amount you get placing your money underneath the mattress.
Now, I recognize instances are lousy and the markets are risky and those are scared of losing money, but--can't you still earn 4 percent or so placing your cash in a simple-vanilla CD? And isn't that identical to, let's have a look at, kind of four percentage greater than zero? I suggest, what, are the shoppers afraid that each one the banks are going to fall apart at once, bankrupting the FDIC and leaving them with not anything?
Hey, perhaps the government can enhance the cash desired for the bailout with the resource of persuading traders to shop for Treasuries at terrible hobby.
