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Strategies & Market Trends : Waiting for the big Kahuna
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To: Crystal ball who wrote (43173)8/25/1999 9:49:00 AM
From: Les H  Read Replies (1) of 94695
 
They lowered discount rates for the S&L crisis, not raised them:

7 percent - Jan 1. (in effect since Feb. 24, 1989)

6.5 percent - Dec. 18, 1990

6 percent - Feb. 1, 1991

5.5 percent - April 30, 1991

5 percent - Sept. 13, 1991

4.5 percent - Nov. 6, 1991

3.5 percent - Dec. 20, 1991

3 percent - July 2, 1992

The lowest short-term interest rates occurred before Clinton ever got into office as the S&L crisis extended the recession to the end of 1992.
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