Comments about ‘Trade deficit could make the worth of consumers' savings diminish’

Return to article »

Published: Tuesday, Dec. 11 2012 12:45 p.m. MST

  • Oldest first
  • Newest first
  • Most recommended
Third try screen name
Mapleton, UT

The trade deficit has less to do with our savings than the actions of the Fed. There is no return on a savings account. A CD doesn't even keep up with inflation.
From a Washington point of view low interest rates are good. If we returned to the old days when a passbook account paid 4% the interest on the national debt would be huge. It's already up there with the defense budget.
Washington wants low interest. The Fed wants low interest. One can hardly blame it all on the trade deficit.

to comment

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
About comments