By Steve McDonald Transcript
Here’s your “Slap in the Face” Award for this week. This cheek-smacker goes out to income investors, which includes me.
In case you weren’t already aware, since rates were lowered to zero or near zero during the Obama administration, earning anything on your money (“anything” meaning income from an investment) has been a challenge.
The press was quick to report the yield inversion (where the two-year Treasury paid more than the 10-year Treasury) recently. But it seems oblivious to the fact that when it comes to yields, seniors and retired people in this country have been living on a starvation diet for …read more
