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Rate accompli: Are rising interest rates bad for all assets?

Many Happy Returns

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Is This the Worst Reason for Rising Rates?

Banks and financials would be negatively impacted if we do see default rates pick up. Warren Buffett famously bought a lot of bank stocks at the worst point in the crisis. However this time around I think that's not going to work. Commercial property has been very badly affected in the UK for example.

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