Yeah, and that 10-yr bond rate was what, about 16% during the Carter days?
I remember money market rates at 16%, so that should be about right.
Wait a minute, we survived that...
When Carter was President I sensed that troubled economic times were coming and paid down as much of my debt as possible and came out of it pretty good. Warned my co-workers that they should do the same. Some of them made a lot of money with the high interest rates and some lost almost all they had.
It was a rough time for a lot of people but you are right. We did survive it.
I'm not an economist and probably wrong but I just don't see those days ahead of us at the present time.