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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Defrocked who wrote (11127)12/8/1997 6:37:00 PM
From: Lazarus_Long  Read Replies (2) | Respond to of 94695
 
For a long time the US govt. controlled interest rates and kept them artificially low. That's why you see 2%-3% rates for the older figures at
stls.frb.org

Does anyone remember when the gov't. abondoned this policy?

I don't remember (Alzheimer's again) exactly how the policy was implemented. I believe part of it was that the gov't (probably through the FRB) actually dictated the rates banks could pay on savings accounts.



To: Defrocked who wrote (11127)12/9/1997 6:15:00 AM
From: Bilow  Read Replies (2) | Respond to of 94695
 
Hi Defrocked; Yeah those govt bond rates back in the gold era
were pretty low...

The thing that p:&&#& me off is that people don't realize how high
real interest rates force people to look only at short term
consequences. I hope that the debacle in Japan isn't blamed
on the low interest rates that allowed their companies to look
long term. Instead, their problem was speculation in stocks
and real estate, same as everybody else's.

-- Carl


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