Rates! (in 1985)

Other discussions not related to the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
vnatale
Executive Member
Executive Member
Posts: 9423
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Rates! (in 1985)

Post by vnatale » Tue Jan 18, 2022 7:24 pm

From a page I have from the March 3, 1985 Sunday New York Times I see the following two ads:

1)

"Is your IRA Earning

15.03% effective yield / 14.08% current yield

Bull & Bear High Yield Fund

2)

New York Residents

Insured / AAA Rated / Triple Tax-Free

9.1% Tax Free

New York Insured Municipals Income Trust
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: Rates!

Post by Smith1776 » Tue Jan 18, 2022 7:44 pm

Wow. Just wow.
🛞 The All-Terrain Portfolio 🛞
User avatar
vnatale
Executive Member
Executive Member
Posts: 9423
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: Rates!

Post by vnatale » Tue Jan 18, 2022 8:45 pm

Smith1776 wrote:
Tue Jan 18, 2022 7:44 pm

Wow. Just wow.


That is after they'd come down considerably after the much higher rates of the early 80s.

Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: Rates!

Post by Smith1776 » Tue Jan 18, 2022 9:50 pm

vnatale wrote:
Tue Jan 18, 2022 8:45 pm
Smith1776 wrote:
Tue Jan 18, 2022 7:44 pm
Wow. Just wow.
That is after they'd come down considerably after the much higher rates of the early 80s.
With our current environment of low rates and high inflation I do wonder how the next 10 years in the markets are going to play out.

It doesn't seem to me that the U.S. Government today has the same degree of fiscal headroom it did back then to raise rates on its debt.
🛞 The All-Terrain Portfolio 🛞
User avatar
Hal
Executive Member
Executive Member
Posts: 1349
Joined: Tue May 03, 2011 1:50 am

Re: Rates!

Post by Hal » Wed Jan 19, 2022 2:46 am

Smith1776 wrote:
Tue Jan 18, 2022 7:44 pm
Wow. Just wow.
https://www.youtube.com/watch?v=93q5_8olpPs ;)
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
User avatar
vnatale
Executive Member
Executive Member
Posts: 9423
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: Rates!

Post by vnatale » Wed Jan 19, 2022 12:48 pm

From a December 1984 "Small Business Report":

LOCK UP HIGH RATES WITH BONDS

Brightening prospects for lower interest rates for the future make investments in bonds a good way to lock in current yields that average about 13% on AAA corporates, 12% on government issues, and 10% on tax-free municipals.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
User avatar
vnatale
Executive Member
Executive Member
Posts: 9423
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: Rates! (in 1985)

Post by vnatale » Sat Jan 22, 2022 9:19 pm

From the Sunday November 24, 1985 New York Times ... In a box entitle: "CONSUMER RATES"

Passbook Savings (At savings institutions) 5.50%

Tax-Exempt Bonds 8.37%

Money Market Funds 7.52%

Bank Money Market Accounts 6.88%

Home Mortgage 12.61%

Unsecured Personal Loans (Minimum faxed rate, 3-year maturity)

Chase Manhattan, New York 16.75%
Continental Illinois, Chicago 17.00%
Bank of America, San Francisco 19.50%
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Post Reply