January 08, 2012 at 11:18 AM EST
Treasury Bills Come Full Circle
The following 3-month T-bill chart is telling: The peak (at 16%) was in 1980 and it is now back to 0. Whether it will take more than 8 years (just like from 1934-1942) to get out the zero zone this time is anyone’s guess. But it does show how long such a zero interest rate [...]
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