3 ms·
> elevated interest rates Interest rates are either average, or below average, provided your lookback period is longer than the last 15 years of zirp.
by qeternity 2y ago
> elevated interest rates
Interest rates are either average, or below average, provided your lookback period is longer than the last 15 years of zirp.
- sneed_chucker 2y agoYou are technically right, but anyone 35 and younger is currently experiencing the highest interest rates of their adult lives. Whether higher rates are good or bad is irrelevant considering the economic churn that occurs when a system that's built up around one set of assumptions (cheap money and low return on fixed income) has to rebuild itself around a new reality.
- qzw 2y ago15 years is a long time and reshaped the entire economy around basically free credit, so any change to that was going to be painful. And one of the real disconnects between economists and regular people is around the term inflation. Ordinary consumers actually care about affordability, not inflation. Raising interest rates to tame inflation does not improve affordability. In fact its goal is to further decrease affordability to reduce demand, which should then cause inflation to moderate. That works fine for economists and policymakers, but for ordinary people that’s more of a bite off your nose off to spite your face kind of solution.
- idunnoman1222 2y agoAkstually stupid voter technically you’re wrong. Don’t believe your pocketbook. -Topkek