quoting Paul Schmelzing via Daily Reckoning
Yesterday we hauled out evidence that interest rates have gone persistently down 500 years running.
5000 Years Of Interest Rates, Part II
quoting Paul Schmelzing via Daily Reckoning Yesterday we hauled out evidence that interest rates have gone persistently down 500 years running.
Charles Read, The Economist, in re: Secular stagnation — which goes back at least to the Fourteenth Century: rates have been falling since then, the birth of capitalism. The “real” rate of return is adjusted for inflation. Ergo, real interest rates have been declining for seven hundred years. . . . Central bankers use interest rates as their main policy tool: cut to stimulate; and when the economy is growing too fast, it raises interest rates. Interest rates at zero: the tool becomes unusable. BofE went to 0.5% . . . need to find other mans of control.
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