As you well know, rates are low! The chart below illustrates the history of short term interest rates dating back to the 1800's. The only other time rates were as low as they are today (0%) was the period immediately following the great depression in the 1930's. After rates bottomed in the 1940's, we experienced a 40 year period of a rising interest rate enviornment (to thier peak in 1980). Will history repeat itself?
Source: Bianco Research LLC
