There are two reasons. First, when rates go up, the value of a bank’s assets decreases. Second, demand for their services decreases.
    Banks tend to have long term assets and short term liabilities. Long term fixed income products are more sensitive to interest rates. So — if rates go up, the assets lose more [...]

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    Here’s a fact as of 6:45am eastern time. Yesterday Google announced that it beat it’s Q1 earnings by $0.31, which equals beating their projected earnings by 97.2million dollars. You will see google open Friday morning, April 18, at over $520 per share, which is about a 15% gain from yesterday.
Google is a BUY right [...]

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