Have it all?
I never "had it all". I never wanted to "have it all". All I wanted in life was to live within my means and save enough so I could invest in safe investments and live out my retirement in peace and security.
Now that I have supposedly achieved my goals the federal reserve decides to lower interest rates to zero to bail out those who lived outside their means trying to "have it all". I and any others "in my boat" are now paying for the irresponsible ones.
It is ironic, they had me coming with an 8% mortgage, now that its paid off(by me) I get 0% on my savings account. Either this or gamble in the markets (check out 1972, 1980, 2000, and 2008 to see what rewards this can get you. The federal reserve got me coming and going.
If you want to rein in unbridled development and wasteful spending, raise rates so our youth have an incentive to "save for a rainy day".Saving limits consumption which benefits the whole world.
