Interest Rates Only High If Compared With Six Months Ago
June 10, 2009 at 16:01 PM EDT
Call me a skeptic when it comes to getting really nervous about rising interest rates. “All of this debt we are selling is really having a severe impact on interest rates,” they say. It is true that interest rates on 10-year government bonds have doubled from 2% to 4% in recent months. However, not looking [...]