[lbo-talk] Prime Rate lowest since 1955

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Dec 16 13:25:16 PST 2008


Wow! With the Fed rate cut today, many banks announced 3.25% as the new Prime Rate, which hasn't been seen since August of 1955; it's been since 1990 that it was 10% or higher. In late 1980 it briefly touched 21.5% ...

/jordan



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