Almost forty years ago, on 10/9/81, the interest rate on a 30-yr mortgage peaked at an amazing 18.63%. Today that rate is just 3.04%, a decline of 83.7%! Conversely, today, the price for a thousand board feet of lumber on the Chicago Mercantile Exchange hit yet another high at $1,300.00/1,000 bd ft. A year ago, the same contract was $328.50, and on 9/28/09 it was just $163.60. Nothing is forever.
In Israel, where per capita Covid-19 injection rates are highest, 62% of the adult population have received at least one vaccination (we’re at 50.4%), daily cases/million residents have fallen from a peak of 952 in mid-January (we peaked at 770 in January) to 26 today (we’re at 185), a decline of 97.3% (our decline is 76%). Our numbers should improve further, and some semblance of herd immunity is possibly nearing.
In 1996, prior to the current aviation safety regime, US passenger airlines had a fatal accident rate of one crash for every two million departures. That year, there were 350 deaths in domestic airline accidents. By 2006, the rate had been reduced by 80%, and today the fatality rate is down to one for every 120 million departures. There has been exactly one death in the past dozen years, spectacular!
As of 4/15/21, only 1 out of every 13,000 fully vaccinated Americans contracted the COVID-19 virus after receiving all their shots. (Source: Centers for Disease Control and Prevention)