History, equities and the Fed | Short View
- 5 years ago
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Interest rates may be the cost of money, but higher rates have no mechanical link to share prices. The FT’s James Mackintosh says valuation matters for returns, but the inherent uncertainty makes many prefer to focus on short-term rate moves.
► FT Markets: http://bit.ly/1J5HNd3
► FT Wealth: http://bit.ly/1e3996C
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Interest rates may be the cost of money, but higher rates have no mechanical link to share prices. The FT’s James Mackintosh says valuation matters for returns, but the inherent uncertainty makes many prefer to focus on short-term rate moves.
► FT Markets: http://bit.ly/1J5HNd3
► FT Wealth: http://bit.ly/1e3996C
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes