https://3speak.tv/watch?v=taskmaster4450le/prkogzoi
Most people look at interest rates backwards. They believe cheaper interest rates leads to more lending. Hence the notion that higher interest rates lead to economic pullback.

In this video I discuss how it is the prospects of the economy which determine whether borrowing is undertaken. The key is whether a return is available. If one is going to make75%, then a 25% rate is a done deal. If however, there is no money to be made, a 1% loan is too expensive.