September 22, 2016
Purdue University: We've Got Really Low Interest Rates
Interest rates are low.
This breaking news intended for those who have been living in a cave for the past 8+ years.
As a side note, if you are just now emerging from a cave then you might want to take rising interest rate theories with a grain of salt.
New York Times: Interest Rates Have Nowhere to Go but Up
Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates.
There's just one major problem with the warning in the New York Times. It was published on April 10, 2010. The 30-year treasury yielded 4.74% then. Nearly 6 1/2 years later, it now yields just 2.32%. Oops.
A saver who assumes that interest rates can only go up may be like a person dying of thirst in the desert who assumes that the water level in his empty canteen can only go up. Might just be wishful thinking.
Hope for the best; plan for the worst.
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