Rising bond yields are actually a good thing, says money manager Danielle Park. They finally offer savers a meaningful return. They clear malinvestment. And will bring down the prices of financial assets and housing to much more affordable levels.
Yes, there will be pain as overinflated asset prices correct. But that largely impacts those with assets who have benefitted disproportionately from the low-interest rate era of central planner intervention. For a LOT of charts explaining her optimism, watch this video. Here is a direct video link.
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