Subject: Re: OT: Equity Risk Premium
“I merely assert that interest rates don't affect the *value* of equities, only perhaps the prices. Once the clouds and storms of current interest rates pass, whatever real earnings were to come will still be there.”

Superb lesson hammered home by Jim & others here that made it a lot easier for a lot of us to Add 2 years ago, despite up to 9% inflation in 2022 and not be concerned about the lengthy 5.5% Fed rate & looking at the horizon at the real earnings to be harvested over many many years.