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Strategies & Market Trends : Classic TA Workplace

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To: UnBelievable who wrote (19541)	11/6/2001 2:09:01 PM
From: Henry J Costanzo	Read Replies (2) of 209892

Just happened to be lurking, so thought I would weigh in on your questions (also since I'm probably the oldest guy on SI).....Banks didn't begin trading Fed Funds until 1960. Lowest rate since then was in 1961 at 1 3/4% (quarterly average). In the days when Fed used only the discount rate for monetary policy, lowest I have is 1/4% - yes 0.25%, set in 1942 - kept unchanged throughout the War and not increased until 1946 (my data starts in 1929). What do you do when you run out of these bullets??...Well, you can try to continue what was started last week - try to work on USGovt long-term rates. Plenty of room there - we're now at around 4.8% - lowest level since 1925 was around 2% , in 1941.

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