Warning! Higher Interest Rates Are Coming

  • Date: 21-Jan-2021
  • Source: Forbes
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Warning! Higher Interest Rates Are Coming

Interest rates are low—but not for long. This episode of What's Ahead examines why.

To pay for mammoth Covid-19 relief measures, the Federal Reserve has been minting monumental amounts of money. But there are disturbing signs it has been overdoing it: Gold, Bitcoin, commodities and consumer prices are all higher. Moreover, the Biden Administration and Congress are readying more mammoth spending bills, which will trigger new rounds of creating money out of thin air.

This spells eventual inflation and higher interest rates on a scale not seen in generations. Investors take note: Stocks and bonds will be hit hard.

We can only hope President Biden and his team recognize the danger before real damage is done.

Follow me on Twitter. Send me a secure tip. Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Steve's newest project is the podcast “What's Ahead,” where he engages the world's top newsmakers,…Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Steve's newest project is the podcast “What's Ahead,” where he engages the world's top newsmakers, politicians and pioneers in business and economics in honest conversations meant to challenge traditional conventions as well as featuring Steve's signature views on the intersection of society, economic and policy.

Steve helped create the recently released and