Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
Why were interest rates so high in the 80s? I'm again reminded of a line from some reporting on the causes of the oughts-housing bubble. There was suddenly twice as much money looking for investments but there were not twice as many good investments. Takeaway is to continue investing/creating real value. Skills, my health, thank-my-lucky-stars this house.
I think the factor of 2 is low. I also think it's simplistic to say "there was suddenly twice as much money looking for investments" without acknowledging the cause. Interest rates were high in the '80s because of Paul Volcker.