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Historically low interest rates ... really
Friday, January 09, 2009
This Wall Street Journal story about the Bank of England's short term interest rates over the last few centuries is behind the subscription wall, but you should get the gist of it from the graphic below - these really are historically low rates.
Notice that interest rates rose briefly during the South Sea Bubble...
5 comments:
Yep, it revolutionises my dating of "The worst crisis since....". I't no longer "since 1695" - when the Bank of Scotland was formed - it's now "since 1694", when the Bank of England was formed. Soon we'll be back to the Genoa Municipal Bond Crisis of, eh, whenever it was.
All I can say is WOW! And the economists of today, who have all blessed the route that has gotten us here, think they know what they're doing.
It may be a mistake to underestimae the central bankers.
They can afford to hire
the most intelligent men and women
your money can buy.
Nice H&S. Are the uk notes in a bubble like the US?
Wow, I'm glad that Canada has escaped the worst of it!
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