You can look back at bond rates over 200-300 years and we’re far below average. The problem is that by keeping interest rates artificially low for so long central banks caused a glut in debt, and mal-investment. It will take considerable pain to normalize interest rates but it is necessary if you want a real, healthy economy.
We’re still below what is considered normal. 20 years ago these rates would have been considered economic stimulus.
You can look back at bond rates over 200-300 years and we’re far below average. The problem is that by keeping interest rates artificially low for so long central banks caused a glut in debt, and mal-investment. It will take considerable pain to normalize interest rates but it is necessary if you want a real, healthy economy.