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[Spanky]

Originally posted by Captain
I'm not going to question how markets respond or what high or low long term rates mean, because it's simply not my area. But let me ask, I see a lot of numbers in the 5s, 6s, and 7s, with a few in the 8s. I look historically at numbers that were up in the teens in the 80s.

I know some of us may make our living off a spread of a lot less than a point, but for the overall economy, aren't all of these numbers reasonably healthy, especially compared to the 70s and 80s?

My only point here is to say that whether there is a Democratic or Republican Congress or President, we've all got to say that the period from 1990 through today looks a lot better than the period from 1970 to 1990.

The Bond markets understand that Congress is in charge of budgets. Once the Repubs took control of congress the rates dropped from 8 to 5. There really is no mystery.