AN relatively speaking yes if you look at the long history of rates then yeah the 8-9% range is perhaps tolerable…
So yes theoretically speaking your statement makes sense. However we don’t live in the theoretical world. Frankly I think that as a country we are in a much more precarious situation now, then we were 30 years ago when rates went through the roof. I think it could be alot more of a problem now, then it was then.
