Cash is king .
11-04-2010 | 08:16 PM
#11
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From: whale wrangler
If you read the CNBC post you would find that most people were in cash, and planned on staying in cash for 2010, I just didn't see it that way. I have a lot of buddies all in cash, sitting on the fence with regards to Wall St. and real estate. Paper is cheap, I don't thing you'll ever see 3% interest rates after 2012. Nobody is bashing anybody, although I think you'll see a good January sell of.
Ally
11-05-2010 | 06:40 AM
#12
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From: Corporate Pilot
11-05-2010 | 05:18 PM
#13
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From: whale wrangler
Had dinner with some friends last weekend and I joked that the banks will start charging us interest on savings accounts .
I,m beginning to wonder what happens if this cash infusion does not work , don't know if this is the right analogy but it's like pouring good money after bad.
Can't wait till the old man sees the new avatar lol.
Ally
11-06-2010 | 09:47 AM
#14
Self Employed.
Joined: May 2005
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From: Corporate Pilot
Interest on savings accounts
Hi Sky,
Had dinner with some friends last weekend and I joked that the banks will start charging us interest on savings accounts .
I,m beginning to wonder what happens if this cash infusion does not work , don't know if this is the right analogy but it's like pouring good money after bad.
Can't wait till the old man sees the new avatar lol.
Ally
Had dinner with some friends last weekend and I joked that the banks will start charging us interest on savings accounts .
I,m beginning to wonder what happens if this cash infusion does not work , don't know if this is the right analogy but it's like pouring good money after bad.
Can't wait till the old man sees the new avatar lol.
Ally
Skyhigh
11-06-2010 | 10:45 AM
#15
Gets Weekends Off
Joined: Apr 2009
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From: A-320 FO
Originally Posted by SkyHigh View Post
$600 Billion is now out there in hopes of driving interest rates even lower. Who knows what it going to happen next.
Skyhigh
Banks are trying anything today to make a buck. I walked into a Citizens bank with a check someone had written me, they wanted $5 bucks to cash it, since I didn't have an account there. I heard BOA charges $7 for the same thing, plus horrific fees for 'overdraft' protection. Yes the Fed's have been buying bonds by the planeload, time to buy another property.
$600 Billion is now out there in hopes of driving interest rates even lower. Who knows what it going to happen next.
Skyhigh
Banks are trying anything today to make a buck. I walked into a Citizens bank with a check someone had written me, they wanted $5 bucks to cash it, since I didn't have an account there. I heard BOA charges $7 for the same thing, plus horrific fees for 'overdraft' protection. Yes the Fed's have been buying bonds by the planeload, time to buy another property.
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