Meanwhile, we need a lot more wind-turbines, solar panels, and a smart infrastructure which includes a lot of fiber... Is this a willful disconnect?
Central banks don’t confiscate your fiat, they use policy to strongly encourage desired behavior.
I think people want different things and long term capital projects and short term cash aren’t really competing projects. It’s not like someone is going to decide to change their 3 month horizon that would be impacted from rates increasing to a 10-20 year horizon for solar panels and wind turbine projects.