pug...you have it right...when they receive 2% on deposits before tax..they might want to look at something else....unless they lock into 4% if they can still get it now...they just sold trillions of US treasury notes with a zero return to investors.... and of course I wished I had sold all stock last Dec...when I sold about 1/3rd of it...hindsight always has the answers though
and when deflation kicks in the cash will buy about 2/3rds of what is the mv....safe but short and shafted again
