In the wake of the 2008 Global Financial Crisis, central banks drove interest rates down to unprecedented lows and kept them there for the better part of a decade.

The world economy then became addicted, some would say dependent, upon a zero-cost capital world.

But now inflation is forcing interest rates to rise sharply around the globe, at the fastest pace on record. This sea change in rates is depressing economic growth, shocking the financial system, and resulting in one of the worst years in history for stocks and bonds.

To find out where things are likely headed from here, we sit down with the world's top expert on interest rates, James Grant, esteemed publisher of Grant's Interest Rate Observer.

https://youtu.be/7aNsPpN1dt4

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