Tag Archives: The Big Picture

Long-Term Interest Rates and Growth

Barry Ritholtz over at The Big Picture recently posted the chart below (click for larger image) detailing U.S. long-term interest rates (here). He then went on to draw the conclusion that it must be a golden time to make infrastructure investment at these yields.

Long-Term Interest Rates jpg

For myself, the chart calls forth an entirely different question: Why are long-term interest rates at their lowest level since the industrial revolution took off in America? Continue reading