Interest rates are still historically low. When I read your comment what comes to mind is you must not have either started your business career or been exposed to debt instruments until the last decade or so. What’s more startling is how long rates were kept artificially low by central banks, sometimes for good reasons, for so long. Free money has its problem. People and businesses got way too used to being propped up by cheap money. It’s like crack. The addiction is super easy to get and a thousand times harder to break.