Rates have remained in the single digits for all except 8 of the last 210 years
From A Call to ARMs by Barry Habib
“They say a picture is worth a thousand words. The chart here may be worth thousands of dollars. Over the past 200-years, interest rates on the US 10-year Treasury Note have, for the most part, remained fairly tame. The average has been close to 6%, but many fear the chance of runaway double-digit rates.
“Rates have remained in the single digits for all except 8 of the 210 years shown here. The rampant inflation of the late 1970′s had to be reigned in. So rates were pushed higher during the 1980′s. The result