It is conventional wisdom that higher interest rates are bad for stocks, but is that true? In this session, I take issue with that conclusion, arguing first that interest rate changes are driven by changes in fundamentals, and second that you need to make a judgment on why rates are going up, before deciding whether that rise rise is good or bad for value.
Slides: [ Ссылка ]
Blog Post: [ Ссылка ]
Spreadsheets:
More of the Same: [ Ссылка ]
Inflation Returns: [ Ссылка ]
Real Growth Revs Up: [ Ссылка ]
Melded: [ Ссылка ]
