Zero percent interest rates were the life of the party, but as we are finding out now, the hangovers are a bitch. From Jack Raines at youngmoney.co:
In season 9 episode 23 of The Office, Andy Bernard graced us with one of television’s most memorable quotes: “I wish there was a way to know you’re in the good old days before you’ve actually left them.”
Isn’t that the truth?
We experienced a decade of quantitative easing and declining interest rates that culminated with an unprecedented multi-trillion-dollar infusion of capital in 2020. But three years later, the party had to end.
The Fed is raising rates, money isn’t free anymore, and companies have to once again rediscover the lost art of “turning a profit.” Outrageous stuff, isn’t it?
However, we shouldn’t cry because quantitative easing is over, we should smile because it happened 🙂 In remembrance of the last decade, I would like to highlight 11 things that were only possible thanks to 0% interest rates.
Enjoy!
STRAIGHT LINE LOGIC 