So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
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December 22, 2021
Bank of America recently published a chart showing the entire history of long-term interest rates. The piece was titled “The 5000-Year View of Rates & the Economic Consequences.” While not from the dawn of time, it is from the dawn of civilization starting in ancient Suma. The chart showed short- and long-term rates...