Diego Mamani, that’s what I mean. Is it possible that we have moved into a new era of permanently low interest rates? I remember when I bought my first house in 1980, I got a 10.75% fixed loan. I thought, wow what a good deal, as the rates were typically around 12% then. I remember my friend and I saying that “yeah, we’ll never see rates again under 10 percent”. It just shows you that just when you think you have figured out the game, they change the rules. Now, many people think that we have very low rates and they couldn’t possibly get lower. Well, guess what? Maybe, just maybe these are now the new normal, and the range could be anywhere from 4-7 percent. Maybe we’re living in yesteryear, and it’s time to shift our thinking with the changing times and world economies.
