What? Rates matter. A lot. If you are in some corp fin job and you discount projects at 12%...fine. But saying they don't matter for equity valuations doesn't m

What? Rates matter. A lot. If you are in some corp fin job and you discount projects at 12%...fine. But saying they don't matter for equity valuations doesn't make sense. The evidence, not just lately, but throughout the last 100 years is overwhelmingly that they matter.