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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (78526)4/30/2008 4:15:47 PM
From: Crimson Ghost  Read Replies (1) of 116555
 
Mish:

There is a precedent for official "pegging" of long-term interest rates.

Starting in World War 2 and lasting until 1951 ( I think) the Fed and the Treasury concocted a scheme to keep long term rates artificially low. I do not recall the details.

Someone who has the time may want to research this since it could be relevant to what they have up their collective sleeves nowadays.
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