Loading ...Bottom line, rates are 107% above the 1.4% low. If an economic slowdown pops up out of nowhere, dropping them from 2.9% back to 1.4% would be only a 50% reduction.
“pops up out of nowhere” means, without the media telling them, too many people realize things are getting slow, and after that, the media reports it to the rest of the hive to avoid looking like a news blackout or incompetence. Eh? 🙂