5.5% is still historically reasonable. Look at what rates were in the 70s and 80s. The issue is so many people got used to the ridiculously low rates over the last 10 or so years.
The issue is asset prices are higher now.
70s and 80s? You talking about the drastic fed action to break stagflation? How are you using that as a baseline?
> 5.5% is still historically reasonable
That doesn’t mean much on it’s, you can’t compare interest rates between different periods without taking into account inflation.
> were in the 70s and 80s
Economically that wasn’t a good period though.
Guess he was talking about last year when you had to pay the bank to have money on it