A little known factoid.
I read about this 5 or 6 weeks ago and was reminded of it again this afternoon with the Reserve Bank decision on interest rates.
We have the lowest interest rates in 5,000 years.
That’s not a typo. The lowest interest rates in 5000 years.
“..Looking to dazzle friends and family at the next summer barbecue? Well, drop this little fact on them: global interest rates are at their lowest in 5,000 years. Charting the lowest interest rates in 5,000 years, worst commodity returns in 80 years
Not only that, you can tell the acquaintance who brags about his gold bars in the bank vault that returns on commodities are the worst since 1933. Sounds crazy you may say, but that’s just the kind of history Bank of America Merrill Lynch rolled out in the third edition of “Longest Pictures” note..”