Experience over 40 years of falling interest rates may not be a positive guide for the present moment because interest rates are now secularly rising, and historical relationships that worked in a falling-rate environment will reverse or become unreliable in a rising-rate environment.
normativepending
Evidence Quote
“I would add one note of caution on doing that 40 years into 2021 there was nothing but Falling interest rates yes they went up sometimes but out of General sense trending secular trend from 15% rates to 02 and so people think that they understand what happens during a recession I don't think that's going to work because I don't think we have falling interest rates anymore”
Created: 8/10/2026, 10:50:41 PM
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