The Importance of Debt Servicing in Stock Selection

George Ball: Business can live with 5% rates and that we could go higher here. There's been a period of a decade now when nominal and real rates were around as general, but that's abnormal. American businesses have shown that it can accommodate what I would call a more traditional and more normal level of interest rates and profit. That's very constructive for the US equity markets over the balance of this year and into next year as well.