High interest rate in the 1980′s – what caused it ?
ironwood9 asked:
I worked for a very large Savings & Loan in the early 1980′s, and interest paid on CD accounts went crazy. We offered these short term investments, where if you plunked down $1,000 minimum, you could earn 15-17 percent some insanely high amount of interest.
I worked for a very large Savings & Loan in the early 1980′s, and interest paid on CD accounts went crazy. We offered these short term investments, where if you plunked down $1,000 minimum, you could earn 15-17 percent some insanely high amount of interest.
What fueled those high interest rates ?
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Veritas,
More details please ?
THOMAS




