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interest rates have been falling for over 700 years [1]. I wouldn't bet against that over a single unprecedented year 1. https://www.bankofengland.co.uk/workin
by iakh 3y ago
interest rates have been falling for over 700 years [1]. I wouldn't bet against that over a single unprecedented year
1. https://www.bankofengland.co.uk/working-paper/2020/eight-centuries-of-global-real-interest-rates-r-g-and-the-suprasecular-decline-1311-2018 https://www.bankofengland.co.uk/working-paper/2020/eight-cen...
- thegaulofthem 3y agoIt is more than a single year and this happened during the 1970’s and 1980’s stagflation era. Of course worse inflationary crises have happened in Western history and while they returned on a large enough time scale that really didn’t matter all to much for all the poor citizens for whom their hard earned wealth was nukes from orbit.
- Mat3777 3y agoIsn't this cherry picking data?