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Also we saw a huge drop in interest rates that won't happen again over the next 40 years.

• toomuchtodo 11y ago
  Going to disagree with you here. I think it'll be impossible to raise interest rates much further without causing economic damage. See negative interest rate policies in Japan and Europe, and close to zero rates still in the US.
  • harryh 11y ago
    I 100% agree with you about the difficulty of raising rates. But I don't think they'll continue to drop like they have over the past 30 years. I have a hard time imagining a world of -5% to -10% rates!
    • toomuchtodo 11y ago
      > I have a hard time imagining a world of -5% to -10% rates! A year ago I would've agreed with you, but with the ECB at -.04 and Japan at -0.02, I believe it more likely than previously.
      • harryh 11y ago
        Heh, fair enough. It's certainly very surprising to see rates below zero. So, indeed, I am much less certain about the future!