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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.
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