Comments on: Rates Dropping All Over the Place http://pantsinacan.com/2008/02/06/rates-dropping-all-over-the-place/ A Personal Finance Blog with a Silly Name Fri, 10 Feb 2012 11:02:13 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Grant http://pantsinacan.com/2008/02/06/rates-dropping-all-over-the-place/#comment-1201 Grant Tue, 19 Feb 2008 04:10:33 +0000 http://pantsinacan.com/2008/02/06/rates-dropping-all-over-the-place/#comment-1201 Emigrant Direct is down to 3.05%, and I'm almost turned off by the thought of contributing more to the account vs. rolling more money into the stock markets... Of course, I guess that's the idea behind lowering interest rates... it causes people to look elsewhere to put money (i.e. providing liquidity to the stock market is a driving force). It's too bad really, as most people need to be saving more right now, and all the Fed is really doing is reducing the incentive to save. -Grant Emigrant Direct is down to 3.05%, and I’m almost turned off by the thought of contributing more to the account vs. rolling more money into the stock markets…

Of course, I guess that’s the idea behind lowering interest rates… it causes people to look elsewhere to put money (i.e. providing liquidity to the stock market is a driving force).

It’s too bad really, as most people need to be saving more right now, and all the Fed is really doing is reducing the incentive to save.

-Grant

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