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The health of businesses and manufacturing and spending among businesses. and when businesses hold back on their spending, what happens? they start laying off people, they start cutting those capex spending plans as we say. and that shrinks the economy and that is not what they want to see. >> back before the recession, interest rates were at 5%, bank rate -- best bank rate is about 3% higher than that. so a good customer was paying about 8% for a loan back then. and then this cliff was the resettle. it cut rates and we had basically zero until 2016. >> right. which is why we are seeing the st...

Operating different than it was in the early 80s. >> you knocked to down to three straight principals. the tiger amendment cut capital gains in half to 29%. >> that was back in the 70s. it cut rates and encouraged people to get out there and invest and make a profit bus the gain on that will be a lot less. reversed today where we are talking about raising capital gains taxes. >> and you are also talking about relaxes standards. they were more relaxed in the 800s. >> yes. changes were made to what was called the pension law. it allowed pension funds, strangely enough, to take risk to invest in ...