welcome to the slow crash
Oct. 9th, 2008 06:47 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
rmI think this stock market thing will bottom out at DJIA 6,700 and then rebound into the DJIA 8-9,000 range soon there after.
Things to watch:
The collapse of the Australian dollar.
The collapse of the Icelandic banking system.
German real estate.
Things to watch:
The collapse of the Australian dollar.
The collapse of the Icelandic banking system.
German real estate.
no subject
Date: 2008-10-10 01:03 pm (UTC)If the bank goes bust, you're insured by the FDIC. If you need cash later, you can get your principal back (you'll face penalties for cashing the CD early, and taxes on any interest you withdraw...but if you need the money, you won't care about such details). If both you and the bank weather the downturn, then interest on that CD will accumulate tax-free until you're retirement-age.