Normal
Alright so I've been carrying on for quite some time saying that we are never going back to the post-gfc-pre-covid 0-1% interest rate environment that an entire generation of us millennials have considered to be "normal" and we've just hit the point of no return:[ATTACH=full]190700[/ATTACH]US 10 year debt, the benchmark for what is considered to be the foreseeable future of interest rates has just, for the first time since before the GFC, cracked pre-GFC levels. Australian 10 year debt is very close behind.A better indicator of what we're going to see from here on out I cannot give you.Absent some kind of cataclysmic gfc, great depression, ww2 type event, almost-zero interest rates are not coming back within my lifetime.
Alright so I've been carrying on for quite some time saying that we are never going back to the post-gfc-pre-covid 0-1% interest rate environment that an entire generation of us millennials have considered to be "normal" and we've just hit the point of no return:
[ATTACH=full]190700[/ATTACH]
US 10 year debt, the benchmark for what is considered to be the foreseeable future of interest rates has just, for the first time since before the GFC, cracked pre-GFC levels. Australian 10 year debt is very close behind.
A better indicator of what we're going to see from here on out I cannot give you.
Absent some kind of cataclysmic gfc, great depression, ww2 type event, almost-zero interest rates are not coming back within my lifetime.
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