Tuesday, September 5, 2017

Nothing Like This Has Ever Happened Before in 323 Years

Here's some great perspective from the Financial Times columnist Martin Wolf:



Here's a history of long-term US interest rates  through 2011 (via Bianco Research):

Here is 1955 to the present:

The July 2016 low of 1.50% had never been seen before form long-term rates in the history of the U.S.

But don't for a minute start to think that interest rates will never significantly climb again. The history of interest rates under different central banks interest rate manipulations has been a history of volatile activity.



  1. With the obscene national debt why would the Fed let interest rates climb ?

    1. The Fed doesn't set rates, they follow the market.