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This whole interest rate cutting exercise and its obvious effects on various markets also really made the economy seem fake .... The period of 10 years where r

This whole interest rate cutting exercise and its obvious effects on various markets also really made the economy seem fake .... The period of 10 years where rates were 0%+/- with 2-3++% inflation was the fake economy 5% rates with 5% inflation is the real world.

pfannkuchen 4y ago
Yes agreed, I don’t mean to suggest that “high rates bad, high rates fake”. The manipulation makes the economy (seem?) fake either way. With the low rates though IIRC things didn’t happen quite so fast, so the causality wasn’t so blatantly observable.
greyw 4y ago
Can you please elaborate what you mean by "fake" economy?
- qbasic_forever 4y ago
  The idea that you will always be able to borrow money at no cost is pure fantasy. Except many, many start-ups and companies built business plans that could only work when they had a constant supply of free loans. A scooter rental startup for example could offer service for less than their operation costs because there was always a spigot of money to borrow.