bd40bc7c7a xAdvertising ConsoleCopy to clipboard00:0000:0000:00::Space↑↓mfEsc→←Shift→Shift←0-9→← [PDF Download] A History of Interest Rates Fourth Edition (Wiley Finance) [Download] Online Like door Accusingcashmere Volgen 0 0 views Tweet. Every economic environment and time frame is unique in its own way. The blue line tries to take some of the noise out of the year-to-year changes in the CPI and smooth out the data by subtracting the following ten years worth of inflation. As you can see, real rates were not quite so stable or low: The orange line in this chart shows the 10 year Treasury less the annual inflation rate. People often talk about how the gold standard could help with price stability, but just look at those huge swings on the left side of the chart going back and forth between inflation to deflation. Far from being stable, this was an economic period full of booms and busts.
(Irrelevant Investor) How to be a 21st century dad (FT) A house is an asset, not an investment (Abnormal Returns) Patrick with a deep dive into the momentum factor (Investors Field Guide) A Christmas letter from the fund industry (Evidence-Based Investor) Financial backtesting: A cautionary tale (Philosophical Economics) Using history as a guide for expected stock market returns (Reformed Broker) Where have all the sales gone? (Gordian Advisors) How to lose money in 2016 (Monevator) . Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer. Its impossible to make an exact apples-to-apples comparisons when looking back this far because there are simply far too many variables to control for. Its certainly possible that interest rates could stay subdued for some time as Irwin alluded to. Just eye-balling that chart it would seem to be fairly obvious that Irwin is correct about the historical nature of interest rates. Now go talk about it. was still coming into its own as an economic powerhouse, but a big reason for the wild fluctuations is because we were still on the gold standard. Take a look at the graph he used in the story: Heres Irwin with the takeaway: Very low rates have often persisted for decades upon decades, pretty much whenever inflation is quiescent, as it is now. Developers Area Developer API Gegevens Player API 2005 - 2016 Dailymotion Land:nederland Volg ons .