At more moderate levels of real rates, such as between 2 % and 5 %, higher valuation levels are the norm. (researchaffiliates.com)
At more moderate levels, the lows still pack some serious punch, but just as impressive is how well the highs balance things out. (pcmag.com)
We think it needs to quench its insatiable desire to add acreage and slow spending to more moderate levels in order to protect its financial viability.» (businessinsider.com)