Author: Bob LeChevalier
Date: Jun 8, 2010 01:38
... term debt over the past 40 years, or at 17-18%% which we saw during the days of the Carter Adm. in the late 70's. Scary. Most of Carter's term, 10 year Tbills were in the 7-9%% range. They rose the last year and maxed at 12.8%% in the month Reagan took over. They got up to around 15%% a year later during Reagan's term, and stayed above 10%% until Oct 1985. They dropped quickly, but ...