>> There were no interest rate hikes between 2006 and 2015, and interest rates have been at zero for 8 out of the last 13 years.
Right. The increase in 2005-6 was what set off the 7'8 financial crisis. I never understood that one. The previous cuts seemed like an over reaction to the tech bubble popping, but the rapid rise was even worse.
I thought they were very slowly raising rates prior to Covid, but using housing market to judge how slow to raise them.
Right. The increase in 2005-6 was what set off the 7'8 financial crisis. I never understood that one. The previous cuts seemed like an over reaction to the tech bubble popping, but the rapid rise was even worse.
I thought they were very slowly raising rates prior to Covid, but using housing market to judge how slow to raise them.