Fidelity has sold all of its short term T-Bills

[jtuck004]

44. Of course it is. And do you think the Mi$$ RobMe crowd gives a flying rat's ass about them?

But you know about money. Say in 1970 I put $1500 in an account for retirement. That money doesn't do anything, at all, unless it is invested, doesn't magically inflate, doesn't do anything. It has to be put into something that generates a return. But since 1980 the money has been going into the pockets of the wealthy, and into building up the manufacturing capacity of countries outside of this one, while we went into debt to finance the lifestyle to which we decided to become accustomed. We systematically dismantled our manufacturing output, our jobs, our educational systems, and let our infrastructure decay. The only reason our real unemployment rate, the U6, has "improved" from 14 to 13.7% is because people have been moved into the "no longer in the job market" category - yet a look at table A:16 says there are over 6 million in that group who want a job, but have no place to even look Here.

You are correct in one sense. People, if they have not already, will be taking their lumps before too long.