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As I understand it, OBB reverted section 174. Interest rates have fallen, not to near 0 as they were, but down from highs with no apparent effect. I used to a
by silisili 8mo ago
As I understand it, OBB reverted section 174.
Interest rates have fallen, not to near 0 as they were, but down from highs with no apparent effect.
I used to agree with your statement, but it's feeling more and more it's not true.
- Swizec 8mo ago> Interest rates have fallen, not to near 0 as they were, but down from highs with no apparent effect. Hey it turns out that going from decades of stability to 1 or 2 years of total fuckaroundery has economic impacts. Who knew? This on top of the general trend that the post-ww2 USA gravy train has been ending for a couple decades now.
- otherme123 8mo agoInterest rates are normal or even low. The situation of interest around 0% for years was an extreme anomaly never seen before. Since 1973 interest rates were almost always above 5%, and the only moments they fell under 3% they created the 2008 boom and bust.
- 29athrowaway 8mo agoThe impact is not instantly reverted and is still ongoing.