The prices of stocks and oil around the world are increasing, dragging down the cost of bonds and putting upward pressure in interest rates. If Jed Clampett were alive today and paying cash for his property, he could almost afford to move to Beverly Hills again. Now if Jed were to produce his last two years’ tax returns showing profits when oil was still over $100 per barrel (double today’s price) and finance the property with these low interest rates, I’d be much obliged to get his kin folk back into Mr. Drysdale’s neighborhood.
