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by CyberDildonics 1223 days ago
> Money costs more than ever

The Fed funds rate, which is the rate banks charge each other for overnight loans, hit 20 percent in 1980, and 21 percent in June 1981.

https://www.loanatik.com/827-2/

1 comments

Finance does not exist in an idempotent vacuum
Did you take that to mean that every other interest rate was low at the same time? Mortgage rates were over 18%

You're the one making a claim with nothing to back it up.