Neither a borrower nor a lender bethe real bread is going to the savers.
Thus might a hip Polonius summarize the frenzied rise in U.S. interest rates. Last week the biggest U.S. corporations had to pay a recordand painful8¾% to borrow from banks.* Some banks will raise that "prime" rate further to 9% this week; it could go higher still, perhaps to 9½% in the fall. The banks in turn had to pay as much as 10.3% to get money to lend; that was the highest rate offered last week to depositors who would buy $100,000 certificates of deposit...
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