Submitted by Wega58 t3_125wsx4 in wallstreetbets
Archimedes_Redux t1_je7pypo wrote
But in the late 70s, early 80s, mortgages were 13%, 15%, even higher. Auto loans were in the low 20s. I don't see interest rates getting that high or even close to it. Color me skeptical of comparisons of today's economy to the stagflation when Eagles were pre-Joe Walsh.
mmrrbbee t1_je8r00d wrote
We’ll need to see the gamblers go nuts over 25bps, as long as they do, 100bps is in the future
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