The 2000 tech bubble had the highest valuations in Mark's lifetime with Fed funds at 5% and 10-year at 7%, and the 2008 financial crisis featured the highest quantity and worst quality of mortgages during the three preceding years when Fed funds was at 5% average, yet we call the Fed rates 'easy' in hindsight.
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Speaker
Mark DaEvidence Quote
“the biggest bubble in my lifetime with the highest valuations going into it fed funds was at 5% and the 10e was at 7%”
Created: 8/11/2026, 1:22:08 AM
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