https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS Are rates near zero the trend there? More of an Econ theory argument:

https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS Are rates near zero the trend there? More of an Econ theory argument: Econ theory attributes economic returns to technology as those returns on investment not attributable to anything else. Ie the firm didn’t hire more accountants (or fire them), didn’t hire more workers (or fire them), and still saw increased revenue and profit. For exogenous to their usual business plan they saw increased profits. It sort of makes sense then that other exogenous events could diminish those same returns due to technology. Further, the tech firms/industry sort of fills a “marginal contribution” niche similar to construction of real estate. Construction was very fast to respond to the increased rates-they’re who makes new real estate so that’s literally where “marginal thinking” plays a role in the market.