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Parent: "shouldn't supply and demand equilibrate things to drive down the price of capital?" You: "Interest rates are absurdly low." Interest rates are low be
by larrys 14y ago
Parent: "shouldn't supply and demand equilibrate things to drive down the price of capital?"
You: "Interest rates are absurdly low."
Interest rates are low because of government policy.
- Retric 14y agoInterest rates globally have been dropping for a long time. Not that long ago powerful people looked at 20% annual interest rates for capital projects as low.
- HeyLaughingBoy 14y agoYup. I remember the early 90's when my money market funds actually returned worthwhile rates. These days I may as well put my cash under the mattress.
- larrys 14y agoI think my first home mortgage was something like 16%. But healthcare (best plan go anywhere do anything) was only $65/m for an individual and gas was below $1. Business credit was pretty expensive to be sure.