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Economy

Fiendish Thingy

(20,074 posts)

1. Interest rates aren't "high"

Reply to mahatmakanejeeves (Original post)

Thu Apr 11, 2024, 10:37 AM

Apr 2024

Currently, the Fed rates is at the bottom end of the historical average of 5-7%.

Since the GFC of 2008, rates had been abnormally low, so current normal rates just seem high.

If you want an example of high rates, go back to the early 80’s, when inflation was 13%, and the Fed prime rate was 16.39%

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GoodRaisin

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Highlight:

High interest rates, rising inflation: The economy still isn't normal [View all] mahatmakanejeeves Apr 2024 OP

Interest rates aren't "high" Fiendish Thingy Apr 2024 #1

Truth. GoodRaisin Apr 2024 #6

Consumers have learned their lessons well bucolic_frolic Apr 2024 #2

I don't agree that people as a whole are quite rational Redleg Apr 2024 #3

They are rational to them. It's their DNA. bucolic_frolic Apr 2024 #4

Aha, I get it Redleg Apr 2024 #5