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Subject:  Low Rates Will Persist Date:  11/6/2012  4:48 PM
Author:  CCinOC Number:  124416 of 128238

From another board:

Scott Burns is a nationally syndicated financial writer. He also has co-authored several books with Boston University economist Laurence Kotlikoff, the latest is The Clash of Generations: Saving Ourselves, Our Kids, and Our Economy. [1]

Scott interviewed economist Lacy Hunt for his column yesterday (11/4/12). [2] Lacy is with Hoisington Investment Management and has been the most accurate forecaster of low interest rates in recent years. On many occasions where the consensus was that US interest rates had bottomed, Lacy said they had further to fall.

Lacy has some bad news for investors hoping to get back to positive real (after inflation) interest rates. He expects them to bottom in about 2022 and remain low until at least 2028. The widows and orphans are NOT happy, but they will not shoot the messenger.

A few excerpts from the article:

Or: H