Higher Rates 2ble positive for working class and retired

[Mark Kohut]

A Jan 2015 piece. As yogi berra is always saying, "predicting is hard,
especially about the future". A few misses herein.

On Wed, Dec 16, 2015 at 8:48 AM, Allan Balliett
<allan.balliett at gmail.com> wrote:
> Here's a little out of the box thinking on the coming economy by James
> Howard Kunstler, author of "The Long Emergency" as well as the "The World
> Made by Hand" series
>
> http://kunstler.com/forecast/forecast-2015/
>
> Both thought AND fear provoking.
>
> -Allan in WV where we buy our local meat from the guy who imports it from
> Wisconsin
>
> On Wed, Dec 16, 2015 at 8:34 AM, ish mailian <ishmailian at gmail.com> wrote:
>>
>> The Fed's policy has been so over analyzed that it's confusing even to the
>> professionals. see, Tim Duy's Fed Watch here---->
>>
>> http://economistsview.typepad.com/timduy/
>>
>> Left leaning individuals, who too often make the error when labeling the
>> Banks, "Banksters" and attributing recessions and even depressions to "Wall
>> Street Greed" and "Goldman Sachs" of demonizing anything and anyone that
>> touches money for a living, are, to my experience, while smart and educated,
>> as financially illiterate as the average guy or gal, and, while I sympathize
>> with their critiques, screeds, and outbursts even, too many fall into the
>> pit of the self-righteous blind leading the ignorant and blind.
>>
>> In any even, back when Ralph Nader jumped into the fight and got his ass
>> kicked by Chair Yellen, some here were quick to take the lady's corner, but
>> I defended Ralph, though not because arguments were sound or logical or
>> based on financial or economic knowledge, but because he was right.
>>
>> And he still is.
>>
>> Two more reasons why:
>>
>> 1. The SBA
>> 2. Most fixed income investors and the portfolios of most working class
>> and poor people are invested in bonds, hold the bonds to maturity. And,
>> higher rates will improve total return as re-invest rates will be high, in
>> nominal and especially, and critically in real terms.
>>
>>
>>
>> Forbes and Barron's and Pimco. Not exactly the sources most Left leaning
>> people read, but here are two, simply stated reasons why the Fed's move to
>> higher rates will do more for the workers and the retired.
>>
>>
>> http://www.barrons.com/articles/why-rising-rates-are-good-for-bondholders-1445620822
>>
>>
>> http://www.forbes.com/sites/rohitarora/2015/12/09/whats-ahead-in-small-business-lending-in-2016/
>
>
-
Pynchon-l / http://www.waste.org/mail/?list=pynchon-l