- I was talking with a good friend the other day, a bond salesman who has been around for a while. He is fifty, and has quite a bit of grey in his beard. We were talking about how cool it was that 1 year Treasury bills yielded almost 1.5%, and how you can get 1.5% in an online savings account.
I said to him, are you listening to us? We’re talking about T-bills. Nobody talks about T-bills. But in 1981, everyone was talking about T-bills.
We will get back there eventually.