> The claim that, "when interest rates rise, all asset prices must fall" seems, uhm, somewhat off.
It’s a necessary condition of the discounted cash flow asset pricing model.
https://en.wikipedia.org/wiki/Discounted_cash_flow?wprov=sft...
It’s a necessary condition of the discounted cash flow asset pricing model.
https://en.wikipedia.org/wiki/Discounted_cash_flow?wprov=sft...
Monetary policy could be performed by a couple of NAND gates if it were genuinely the case that any interest rates rise would necessarily lower the price of everything.