Why Higher Interest Rates Wreak Havoc on the Economy

The trend is clearly higher. It's a bull market. Nobody knows when it's going to end. The companies gorged appropriately so in 2020, they took full advantage of where interest rates were. Remember Microsoft got money like 2% or something? And we've been saying for a while, remember that pie chart that I've been showing from Bank of America,. How much of the SCP 500's debt is long-term fixed? It's like 85%. Yeah. So you could raise rates. But these companies gorging appropriately so in2020, they tookfull advantage of whereinterest rates were.

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