Probably we are in for a prolonged stagnation, but even after 11,000 layoffs last week, Meta’s employment level is on par with early 2022, hardly a massive reduction historically.
This sounds like the realtors that say “interest rates are still historically low”
They are. What that means is open to debate, and how you should act based on the current interest rates depends a lot. But simply as a historical matter, current interest rates are lower than the majority of history.