[ISL]

If you have access to the Economist's plot of long-term interest rates since 1750, you'll find that the interest rates that many of us came to accept as "normal" (5+%) are historically quite high. Humanity has spent quite a bit of time at or below 4%.

https://www.economist.com/sites/default/files/images/2019/09...

[roenxi]

I can see 3-5% was off the mark. From now on I shall say 2-6%.

Point remains that 0%-2% is decidedly a 2 times in 250 years style emergency rate.