If you look at the history of the federal funds rates, up until around 2000, 5% was a pretty low rate. Then after 2008, they pretty much kept it at 0% until 2018, then the infamous taper tantrum and back down to 0 until inflation forced their hand.
If you look at the major indexes they all pretty much shot up x3 from 2010-2020. Before that they maybe only increased 50% a decade. Obviously there are other factors with technology and the economy changing etc. But did the 2008 onward low rates change everything about the way companies grow and how people invest?
Can we ever go back to an economy / investing climate where 5% is a low rate and we aren’t getting 300-400% gains a decade in the major indexes?
If not, are we just doomed to run through these boom and bust cycles where every generation gets lucky or set back?
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