Interest Rates At Lowest Level In 5,000 Years: BAML

Highlighting the astonishing history investors are living through today, a Bank of America Merrill Lynch report states that interest rates are at their lowest level in 5,000 years. Michael Hartnett and team point out in their June 7 research piece titled “The Longest Pictures” that on April 28, the bull market in U.S. stocks became the second-longest of all time.

Interest rates: debt and deleveraging thwart war on deflation

Hartnett and colleagues provide a pictorial guide to the financial markets since 1800. The report highlights that the Fed’s December rate hike signifed the first hike in almost a decade, ending the longest run of unchanged policy since the Fed was founded in 1913. The “Longest Pictures” report illustrates how unprecedented monetary stimulus...