Off-Topic: Historical Home Interest Rates

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	Name:	roswellric -
	Subject:	Historical Home Interest Rates
	Date:	4/18/2012 10:19:31 AM

That's the rub. Theoretically the country's productivity should keep up with the increase in money supply.

In the fall of 1979, after the money supply expanded from the Vietnam war and the easy credit of the early 70's, our creditors realized the extent of the debasement of the currency and just didn't show up for the Treasury auctions. That's when Volker "jacked up" the rates so they could sell the t-bills. The Fed said it was done to cool inflation but that wasn't the real reason.

We have a breather now because of the turmoil in the rest of the world's currencies but that won't go on forever. Last year the Fed "printed" 61% of the new debt issued. That's a staggering statistic. Sooner or later I fear we will have some sort of "event". The bill will be paid in one form or another.

Other messages in this thread:

View Entire Thread

Historical Home Interest Rates - roswellric - 4/17/2012 10:11:48 AM

Historical Home Interest Rates - MartiniMan - 4/17/2012 11:04:16 AM

Historical Home Interest Rates - Osms - 4/17/2012 11:54:46 AM

Historical Home Interest Rates - roswellric - 4/18/2012 10:19:31 AM

try that again - MartiniMan - 4/17/2012 5:35:04 PM

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