Post #166 by tecmo on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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I can easily refute the claim that our profits were due to "one-time falls in interest costs". Interest rates have risen to record highs this year. Mortgage rates used to be under 3%, they're now over 7%. Interest on the 10-year T-bill quintupled from under 1% in 2020 to almost 5% this year. And, yet, here we are with the Dow at a record high, the S&P 500 up 23% YTD and QQQ up a whopping 50% this year!

Record high? I think you need a history lesson. Rates have returned to more normal levels from RECORD lows.

Tecmo

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