2 ms·
> keeping them high At some point we need to address the elephant in the room and ask people specifically what they mean by "high" rates, because 5% isn't part
by kibwen 2y ago
> keeping them high
At some point we need to address the elephant in the room and ask people specifically what they mean by "high" rates, because 5% isn't particularly high by historical terms, it's only high for people who never paid attention to interest rates before 2010.
- johnnyanmac 2y agoZIRP shifted the entire perspective, and tech's method of hoarding talent irrevocably changed how we iterpret business. if an increase to 5% can impact jobs in the 8 digits, reaching in nearly every sector and not just tech, 5% is definitely the new "high". For all the wrong reasons, perhaps. But the genie's out the bottle. I don't know what the "new normal" is though. I suppose 2025 will be used to figure that out. I don't think 4.75% will be enough.