4 ms·
Interest rates will not go up like prior decades. The long-term trend is down-ward sloping. Only inflation can push rates up and that can only be achieved by re
by todipa 6y ago
Interest rates will not go up like prior decades. The long-term trend is down-ward sloping. Only inflation can push rates up and that can only be achieved by reversing globalization and making the cost of labor go up.
https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2020/eight-centuries-of-global-real-interest-rates-r-g-and-the-suprasecular-decline-1311-2018 https://www.bankofengland.co.uk/-/media/boe/files/working-pa...