Good.
Better late than never.
However, rates should’ve started going up within 4-5 years after the 2009 financial crisis.
Maybe it wasn’t viable at the time because of issues with the Europe & Asia zone banks. I don’t remember their positioning in that time frame.
The era of cheap money is ending.(Good riddance)
However, rates should’ve started going up within 4-5 years after the 2009 financial crisis.
*****
The era of cheap money is ending.(Good riddance)
Things are going to get VERY interesting.
Plus, debt servicing for the Treasury just went through the roof.