0 commercial banking 60 10 year t note 50 40 30 3

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: owth and innovation be overcome, then an abundant labor force serves as fuel for growth, but absent that, it serves as a drag on the economy. At present, interest rates are low, and the powers that be seem predisposed to doing everything they can to keep them that way. The yield on the 10-year treasury has averaged well below 3% in 2011, and as the fourth quarter closes it has been trading on either side of 2% and has traded below 1.75%. This should help to support the current level of growth. However, until there is greater clarity regarding the plan and fallout from the sovereign debt crisis, until we know who is going to be the next president, until we know what the plan is for the leadership of the Federal Reserve, of tax policy and healthcare, not to mention what the plans are for facilitating job creation and innovation, there will be a lid on upward potential and a bias toward further erosion. 2001 2002 2003 2004 2005 Source: U.S. Treasury. 58 Page 53 2006 2007 2008 2009 2010 2011 The U.S. banking s...
View Full Document

This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

Ask a homework question - tutors are online