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The stock market is not "our" escape from meager returns (as in for ALL of us) and it never has been. The modern stock markets of the world are hog troughs for the best of the fast-lane traders and a potential trap for a far greater number of others.

We need to stop "dreaming" about the market as though it were a lottery we all can win.

As for meager returns, interest rates are too low on the bank CDs and have been held too low too long. It is likely that higher rates in the last two decades would have PREVENTED the twin bubbles of tech stocks followed by housing. Where were REAL economists?

of 12:30PM November 21, 2008

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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