What Are You Seeing With Expensive Credit?

Yu: In two thousand and eight a, basically what you saw was that when access to capital was sitting at ehad four half % annualized. The total amount of corporate debt doubled while the financing cost was at four and a half%. And so you saw the fed start to decrease rates, but unlike in 20 20, they did it very slowly,. They basically did a small rate decrease and then said, well, you know, the market should stabilized at this level. Yu: Ultimately, this is the same exact dynamic you see going on. Te unproductive capital application.