Interest rates… looking back

I was watching Brewster’s Milllions today on HBO. Is “$30 Million” was in some random bank and the bank manager said “We will be giving you our special 24% interest rate, reserved for our very best clients”… its amazing how far rates have had to come down over the last 30 years and how much credit had to be created to fuel the “prosperity” of the last 3 decades. This picture says a lot:


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