The bottom line is that when interest rates rise, asset values will fall. It is during such periods - particularly when asset values fall swiftly and substantially - that we discover exactly how good our central bankers are at their main job: reducing financial volatility and promoting economic stability.
但坏消息是，即使较低的利率水平还会保持一段时间，也不会永远维持现有的低水平。最终情况是利率一旦升高，资产价值就会降低。在这一阶段，特别是当资产价值迅速大幅度降低时，我们会发现央行的银行家们是怎样忠于职守：降低金融风险，促进经济稳定。