Real interest rate are ususally defined as Nominal Rate-Inflation, so with inflation at virtually zero, the real rate is 10% for them. To be 35% we would need d

Real interest rate are ususally defined as Nominal Rate-Inflation, so with inflation at virtually zero, the real rate is 10% for them. To be 35% we would need deflation of roughly that much. Though a 10% real rate is bad enough.