Re:Do High Interest Rates Fix High Inflation?
by mindslight on Tuesday June 13, 2023 @11:03PM
(#36320906)
It's even worse than that. The market didn't just price in low interest rates - rather it priced in continually decreasing interest rates.
But no, interest rates are not value neutral. That sounds like an invocation of efficient market fallacy. For one, interest rates form a lower bound on what percentage of yield from a business is considered successful.
But no, interest rates are not value neutral. That sounds like an invocation of efficient market fallacy. For one, interest rates form a lower bound on what percentage of yield from a business is considered successful.