Profiting from High Rates

While the Reagan Administration and Wall Street are lamenting high interest rates, many Americans have come to like them. The small investor who was boasting in the mid-'60s about his killing in the stock market or in the late '70s about his big earnings from real estate is now telling everyone within earshot about the yield on his money-market fund. Last week he was bragging that the money he took out of a savings bank, where it was earning 5.5% interest, was paying a 17% return.

Likewise, corporate treasurers once accused of being too timid to make major long-term spending decisions, such...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!