Today’s food for thought comes from John Mauldin’s Column: “Will Americans be discouraged by low interest rate returns and save less, or will they save more to reach lifetime goals? I believe the latter, which is one more reason why I expect the household saving rate to climb back to double digits. At the same time, low interest returns in conjunction with distrust of stocks and previous huge losses on owner-occupied houses are forcing many vastly-undersaved postwar babies to work well beyond their expected retirements.â€Â (Fred) “This is an unintended consequence to zero interest rate.â€
Fred’s pick of the day is MLS # 601306-$169,950. A Contemporary in Ellendale, DE with 4 BR, 3BA on 1.5 acres with new carpet, hardwood floors, and a new HVAC please call me to see this home at 302 258-6983. http://www.fredsporch.com.