Joel Ross

In the real economy, nothing changed when the stock market and other markets tanked. Interest rates will rise this year for certain, but for those of us old enough to recall, 4.5% or 5% rates are still excellent. Many of us once believed 8%-9% was the norm and in the eighties it was considered good after the spikes in 1981 to 21%. If you cannot justify a deal at 5% or 6% rates, don’t do the deal.  It has too thin a margin.