4 ms·
> A secular upward swing in interest rates what does secular mean here?
by pazimzadeh 4y ago
> A secular upward swing in interest rates
what does secular mean here?
- geodel 4y agoIt just means going in one direction all along, not like going down and up over a period of time.
- deleted 4y ago[deleted]
- notahacker 4y agoThat the increase in interest rates was a separate economic development unrelated from anything SVB did or proposed to do (i.e. it was the Fed putting base interest rates up to reduce inflation, not commercial lenders reacting to SVB's position) This is similar to the use of "secular trend" in many other economics contexts to represent the overall long term trend
- seizethecheese 4y agoIt should be noted that the original use here is actually wrong. The recent increase in interest rates isn’t really secular. The long run downward trend in rates is a secular trend.
- yamtaddle 4y agoInvestopedia: "In finance, secular is a descriptive word used to refer to market activities that occur over the long term." This appears to derive from sense 6 of the adjectival form from dicationary.com: "going on from age to age; continuing through long ages."
- mrbombastic 4y agoThe pope didn’t demand it
- ummonk 4y agoLong term trends that aren't part of a fixed seasonal or cyclic pattern.