Reading History

Rates (and bond yields and financing costs for homes) may seem high to you, but that's just because you're too young to remember what "normal" is. As many late-twenty and early-thirtysomethings whose parents aren't on board with the whole "Moving back home to save money" trend might've been apprised by mom and dad recently, a 7.3% mortgage actually isn't unusual at all. It's only high relative to the last 20 years. But, as I'm always keen to remind the curmudgeons among you, 1999 might as well

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3 thoughts on “Reading History

  1. As recently as 2019, everyone was quoting structural factors for low interest rates. COVID was disruptive, no doubt, but its impact is finite in time.

    The rest is mostly about 2 men. Putin and Xi. Should they leave the scene…

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