RE:Truths about interest rates A real pivot where rates are slashed by hundreds of basis points would mean the entire financial system is f'd. Your recount of history is spot on. And these low IQ folks are cheering for rate cuts like it would be a positive signal. Same low IQ vibe of all the folks that were cheering for money printing during the pandemic. I lay the blame on our education system and not on the low IQ folks that respresnt the majority of our country.