Tuesday, February 17, 2009
Shrieks of glee in a fool's paradise
This cartoon is from yesterday's edition of the Dominion Post. Of course, for a person in my position, with a freehold house and money in the bank, these "fish" are nothing to rejoice over. A few days ago, one of my investments — $10,000 at 8.1 percent — matured and was reinvested (with $5000 added to it) at 3.75 percent. And interest rates could easily fall to almost zero.