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Re:Maybe Americans aren't dumb enough to keep buying houses? by wallflower on Saturday May 14, 2011 @11:47PM (#2549254)
> Conservative financial instruments that make 6-7% return? In the past few years?

This will obviously not be accessible to you - but just to illustrate that they do exist for special protected classes of individuals.

When I heard this from my co-worker, I was flabbergasted.

Her relatives, senior citizens in India, get +9% interest on their personal savings. Call it subsidized, but there is no risk.

She is really annoyed when they harangue her about her middling 1-2% interest rates.

http://www.bankofindia.com/rupeetermdeposit.aspx

Re:Maybe Americans aren't dumb enough to keep buying houses? by adamzochowski on Sunday May 15, 2011 @12:54AM (#2549345)
India has high interest to try to cover up high inflation.