For the curve depends upon the various elasticities and we know that long term elasticities are higher than short term.
Nor is it just the threat of higher short-term rates and inflationary pressures in America that is driving long-term bond yields higher.
The pensions industry must take the long view by making investments that are volatile in the short term, but likely to yield far higher long-term returns.
And it is that higher long-term unemployment rate in Europe that causes the overall higher unemployment rate.
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Perhaps consumers have ignored the chill of higher long-term interest rates because they feel the warm glow of higher share prices.
In a normally growing economy, long-term rates are higher than those on short-term securities to compensate investors for the risk that inflation will eat into the value of their holdings.
Yields on short-term Italian debt are now higher than on long-term Italian debt.
But they think higher growth is worth the long-term cost of higher borrowing - that if the government is going to be forced to borrow more anyway, it might as well choose upfront what it is going to spend that money on.
Clearly, the stock market is overextended on a short-term basis, and though it could still go higher over the near term, chasing it is likely to be hazardous.
Inflation will also mean higher long-term interest rates, which will hurt housing in particular and the economy in general.
Therefore higher stock prices over the long term really come from higher incomes.
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Investors in small-cap stocks have traditionally hoped to earn higher long-term returns at the price of greater short-term volatility.
The higher growth would make it easy to finance the higher short-term deficits that non-revenue-neutral tax reform would produce.
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The premium is warranted given a higher long-term earnings growth rate of 29.0%, compared with the industry average 12.7%.
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Higher long-term interest rates would lower liabilities, because they would reduce the gap between pay-out rates and investment returns.
Only suits targeting illegal insider trading, and to a lesser extent, accounting fraud were associated with subsequent higher long-term returns.
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The premium ratios are warranted given its higher long-term earnings growth rate of 17.9%, compared with the peer group average of 11.7%.
Higher long-term interest rates or credit spreads would also be awkward.
Ideally, productivity will grow briskly because of new technology, innovation and trade, but in the short-term higher output per hour worked can be a substitute for hours worked.
In addition, higher short-term interest rates increase the opportunity cost of holding currency and checking accounts, and therefore will lead to an increase in the turnover or velocity of money.
For example, investors seem to hate stocks that are priced relatively low compared with book value, even though those stocks consistently have had higher long-term returns than flashy, high price-to-book stocks.
Investors who buy gold as a hedge against inflation should be reminded that fiscal austerity and higher long-term rates will push a weak world economy into stagnation, even a recession that hardly provide a bullish scenario for gold.
Just having the option to move back home provided enough of a psychological security net to allow them to be more discriminating about the kind of jobs they accepted, which translates to holding out for positions with higher long-term earning potential.
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Under the umbrella of the UNESCO-Microsoft Task Force on Higher Education and ICT and through the Microsoft Education Alliance, Microsoft will provide a tailored package of resources for short-term higher education enhancements, including curriculum, training and affordable access to collaboration and development software.
This will lead to higher costs in term of premium and taxes for small business owners and individuals seeking health insurance in the short term, to cover the high costs of implementing the systems and covering up all other budget shortfalls that would have ordinarily paid for these costs.
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The U.S. dollar bulls still hold the overall near-term technical advantage to suggest the index can continue to trend higher in the near term.
Crude oil bulls still have good upside technical momentum to suggest that price action last week produced a near-term market low in crude and that crude prices can trade sideways to higher in the near term.
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Though the short-term trend is still toward higher rates, the long-term downtrend remains intact.
Longer-term silver could move higher, but in the short-term, the risk-reward scenario is limited until the metal can decide on direction.
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