LAA I absolutely agree with your statement. A big irritation to me is how the Feds have manipulated interest rates. This greatly penalizes retirees and people that like to save for the future. There should have been a law passed capping interest rates both ways to preserve a healthy medium point for interest rates while still allowing the feds to move the prime to stimulate the economy. The interest rates could not go to high or to low and would have to always return to the base rate within a set time frame.
By keeping the rates at such an unhealthy low rate they have really only shifted economy in the favor of the less prepared people at the expense of the older generation.
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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