You're right, I confused effective and real rates. https://www.investopedia.com/articles/investing/082113/understanding-interest-rates-nominal-real-and-effecti

You're right, I confused effective and real rates. https://www.investopedia.com/articles/investing/082113/understanding-interest-rates-nominal-real-and-effective.asp https://www.investopedia.com/articles/investing/082113/under...