Is it really inflation if interest rates remain this low? Genuine question(not snarky).
Yes...large deficit spending always leads to inflation because central banks print money to pay off the debt. Interest rates are the tool used to get inflation under control.
13% interest rates in 1979 were a response to inflation. It got better again in ‘81 but still pretty high. Can’t recall what that era house cost me, 9% maybe? I was lucky to get 13% in ‘79.
I keep talking and dreaming of the 20% bonds I got in like ‘83. Crazy. My broker then was at Smith Barney. Thank you Steve!