“Interest rates are like gravity in valuation. If interest rates are nothing, values can be almost infinite. If interest rates are extremely high, that's a huge gravitational pull on value - and we had that in the early 1980s." - Warren Buffett.
Central banks around the world have been in chorus telling us: interest rates will remain low for the next 2-3 years, creating buoyancy in growth assets across the board. But economic growth and recovery cannot stay subdued forever, and when interest rates do eventually move, the markets will feel that inevitable pull on value.
Join Morrissey Group Wealth Advisers, Ben Morrissey and Alex Henderson, as they unravel the intricate link between interest rates and asset pricing, and what it means for investors over the coming years.
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