but nobody wants to talk about that. inflation being super low also is why the housing market exploded… because borrowing was incredibly cheap and asset prices rose far faster than labor prices. assets were super cheap in the 70s/80s and started exploding in the 90s when we started starting pushing interest rates to historic lows.
bingo.
but nobody wants to talk about that. inflation being super low also is why the housing market exploded… because borrowing was incredibly cheap and asset prices rose far faster than labor prices. assets were super cheap in the 70s/80s and started exploding in the 90s when we started starting pushing interest rates to historic lows.