Lowest Interest Rates In 5,000 years

[Weather Man]

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

• 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.

 

[CompOrange04GT]

Jesus Christ.

whatever drugs you’re on ... hook a brother up

 

[SecondhandSnake]

Jesus Christ.

Apparently he was paying 10% back then. No wonder he had to live with his parents.

 

[Black02GT]

Apparently he was paying 10% back then. No wonder he had to live with his parents.

...parent (singular), didn't get to live with his Dad for some time after.

 

[q6543]

In a sound monetary system there can be no interest. Interest is the critical flaw.

That's why negative real rates are needed globally to eat away this compound monster we've created.

 

[598]

Interest is the expense that covers transaction costs, default risk, and opportunity costs. Negative interest rates is a tax on savings in currency form.