In both of your posts you fail to mention the statement by Limbaugh that I was commenting on. Learn to read.
Here, I’ll dial it in a bit for you:
“It’s at the low end of what it considers its sweet spot of 2.5%-5%”
A BS statement, particularly in light of the near 0% during the Obama administration. And Greenspan just came out saying there’s nothing preventing a negative yield. Whatever metrics supported 2.5%-5% prime rate are clearly not in play anymore and haven’t been for over 10 years. It’s not the US rate in a vacuum. It’s the US rate in comparison to the REST OF THE WORLD (ROW). That’s why the ‘recession signal’ inverted yield curve is BS and manufactured by FED high rates vs ROW. This is ripping off the US courtesy of the FED-set bond yields. Got it now?