IPFS News Link • Economy - International
The 5,000-year history of interest rates shows just how historically low US rates are right now
• http://www.businessinsider.comInterestingly, rates aren't just low within the context of American history.
They also happen to be at the lowest levels in the 5,000 years of civilization.
Bank of America Merrill Lynch's Michael Hartnett and his team shared the following chart, which show just how low today's rates are relative to other times in history, in a recent note to clients, citing a speech by Bank of England chief economist Andy Haldane: