Minerd: Any Increase in Rates Is Self-Defeating for Recovery

The video discusses the potential economic downturn due to insufficient stimulus, highlighting the role of Congress and the Federal Reserve. It analyzes high-frequency data, such as retail sales and unemployment claims, indicating a loss of economic momentum. The Fed's influence on the housing market through mortgage rates is explored, emphasizing its importance in economic recovery. The discussion concludes with the potential impact of rising interest rates on the recovery process.

What might happen to long-term rates if the Fed does not modify its purchase program?

Discuss the implications of rising rates on the recovery of the economy.