3 ms·
If you have access to the Economist's plot of long-term interest rates since 1750, you'll find that the interest rates that many of us came to accept as "normal
by ISL 7y ago
If you have access to the Economist's plot of long-term interest rates since 1750, you'll find that the interest rates that many of us came to accept as "normal" (5+%) are historically quite high. Humanity has spent quite a bit of time at or below 4%.
https://www.economist.com/sites/default/files/images/2019/09/articles/body/20190914_gdp557.jpg https://www.economist.com/sites/default/files/images/2019/09...
- roenxi 7y agoI can see 3-5% was off the mark. From now on I shall say 2-6%. Point remains that 0%-2% is decidedly a 2 times in 250 years style emergency rate.