Sometimes I think I am paranoid about the future and shit like this shows up and I realize I am probably not paranoid enough.
Global interest rates move off of 5,000 year lows: At the Open
Global interest rates move off of 5,000 year lows: At the Open
- Last year marked the secular low point for inflation and interest rates and 2021 is bringing global rates off the lowest point since 3000 BC, BofA Data Analytics says.
- In the chart below, BofA illustrates the path of long- and short-term rates covering a period that includes the Great Depression, the Napoleonic Wars, the fall of the Roman Empire and the building of the Pyramids at Giza.
- Sources include BofA's own strategy department, the Bank of England, Global Financial Data and the influential book "A History of Interest Rates" by Sidney Homer and Richard Sylla.