It's still substantially cheaper for Stanford graduates with friends on Sand Hill who can mumble the words "crypto LLM" than even the most ambitious Burundian with a great idea.
Debatable. The latest Cleveland Fed nowcasts have inflation forecast to dip just under 5% starting this month, while the federal funds rate is 5-5.25%. So in real terms, that’d be the first time it’s positive, and it’s still a very very low number.
If we get that recession, we could see those rates reverse and end up negative again before too long.