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The Fed Funds Rate Is at Zero for Eight Out of 12 Years.
The cost of capital was zero for eight out of the last 12 years. The fed funds rate is now at three%. We're normalizing that now, at least for now,. All a result of technology, by the way, cause hat's e deflationary force. People always say to me, how do you define the us? Economy? I say, it's an economy of time and convenience. Everything is convenient. And in terms of time, how fast can you give it to me? How fast can i get it? That's what the us. Economy as, john, can we skip to slide 12? And we'll get to to 12 and 13, we'll do a