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Brian B. Sullivan, CFA
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Brian Sullivan is President and Chief Investment Officer of Regions Investment Management, a division of Regions Wealth Management. Mr. Sullivan supervises a staff of professionals performing direct investment of discretionary funds and providing investment advice to other portfolios. Mr.... More
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Regions Financial Corporation
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Sullivan's Market $ense
  • Rock And Roll Interest Rates 0 comments
    Oct 25, 2012 10:06 AM

    The Rolling Stones have announced that Mick, Keith, Ron and Charlie will be reunited for a 50 year anniversary tour. Imagine that! How old are those guys? Gives new meaning to Start Me Up. Get your tickets now-- there might not be a 75th anniversary tour.

    As everyone knows, interest rates are low. They are historically low. Bond rates were slightly lower this summer, but other than that, are lower than they have been in ten, twenty, thirty, fifty, one hundred or two hundred years. Our data goes back to 1790, a full two hundred twenty-two years ago. That's four Stones' careers.

    Looking at Britain, and before that England, bond rates have never been lower in their three hundred eighteen years of record keeping since 1694. Long enough for six Stones' careers.

    But the Dutch are the best at keeping financial records. Theirs date back to 1517. And during all of that time, interest rates have been higher than now: the equivalent of 10 Rolling Stones careers. A truly remarkable time period.

    Interest rates are so low that guessing the future based on the past becomes impossible, as there has been no past period like this one. Our best guess is rates will rise.

    Source for Dates: Deutsche Bank AG/ London

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: © Regions Bank, Member FDIC. The foregoing represents the opinions of the author, Brian Sullivan, and not necessarily those of Regions Bank or Regions Investment Management, Inc. (RIM). RIM provides commentary to clients of Regions Bank, an affiliated company wholly owned by Regions Financial Corporation. The information contained in this report is based on sources believed to be reliable but is not guaranteed as to accuracy and does not purport to be a complete analysis of the security, company or industry involved. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This report is designed to provide commentary on market strategy and the opinions expressed reflect the judgment of the author as of the date of publication and are subject to change without notice. RIM assumes no responsibility or liability for any loss that may directly or indirectly result from the use of such information by you or any other person. Investments discussed in this report are not FDIC-insured, not deposits of Regions Bank or its affiliates, not guaranteed by Regions Bank or its affiliates, not insured by any government agency, and may go down in value. Investment advisory services are offered through RIM, a Registered Investment Adviser. RIM is wholly owned by RFC Financial Services Holding LLC, which in turn, is a wholly owned subsidiary of Regions Financial Corporation.

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