The Yahoo Finance article mistakenly attributes the increase to a stronger economy. IMHO, rates are up due to inflation expectations. I’m not talking Weimar-style hyperinflation, but the possibility of 1970s-style inflation approaching or even surpassing 10%.
Of course, I’m not talking about next week or the next two quarters. Rather, I mean to say that inflation over the next 10 years will be substantially higher than over the previous 10. Whatever you do, don’t keep your assets in cash.
