SUCH A DEAL

Comments

[UrbanGent]

My parents who never made over 4-500 dollars a month in their lifetime, were great savers, so when they decided to step out of their comfort zone bought a CD in the eighty's at about 15- 17 % tripled their investment in about 2.5 years. if you were on the other end, mortgage rates ranged from about 8.5 to 12 APR or higher depending on your credit creds. fed over all raising the prime to over 21% apr as a necessary step to stablize rampant inflation at that time. Paul Volker was fed chairman at the time. it virtually brought the economy and inflation to a standstill. the downside was the country fell into a deep recession as a result. it sure helped my folks by shoring up their retirement needs.