Quote:
Originally Posted by raulus
Hopefully the high rates stay with us for a while. Personally, I'm paranoid that they won't stick around that long. Maybe a year? Although with any luck, even if they drop, they'll stick higher than 0.000001% like they were for the last forever.
At the same time, the WSJ had a pretty extensive article today about how higher rates are likely here to stay, and the impact that will have on several sectors of the economy, from cars to commercial real estate to savers and retirees. So maybe even if we're not getting 5% in perpetuity, maybe we'll at least get 3%.
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Higher for Longer unless we get a nasty recession which I do not think will happen. I think 4%-5% is here to stay the next two years.