Were CD rates really 12% in 1984!!!!

[tullamore]

Apple was also a $20
Stock back in the early 2000's

 

[Saulty]

If the CD's were 12% the interests on loans were probably 20% or more. Banks always win because of the bullshit system where they lend at a much higher rate than what they give people for savings returns.

 

[Matty]

Imagine if you were able to invest in the stock market back in 1929!!!! Oh man, we missed the boat.

 

[kato]

i've got one word for you...

plastics

 

[plommer]

Sarcasm, Matty - we like it!

 

[tullamore]

Sarcasm, Matty - we like it!

We learned from you buddy.

 

[senco78]

I get somewhere around 3% or 4% on my CD I believe, I'll have to check it again...
but I bank at a private credit union
they're rates are much better than traditional banks

 

[kato]

We learned from you buddy.