Anyone who has studied financial history knows that no one can predict interest rates with any consistency. There are always reasons why rates could go up and why rates could go down. Whatever direction someone thinks they will go, they speak about the evidence that supports that viewpoint.
First a quick review: Much of financial theory and how to invest is based upon what the “rational person” would do. Unfortunately, as much as we would like to think so, no one is completely rational. Behavioral finance is the study of irrational situations that people fail to g
