We should cheer, not fear, rising interest rates

Over the past week, financial markets have entered mainstream media, amid screaming headlines about collapsing share prices and supposedly unprecedented volatility.

So-called experts have been deployed to explain why financial markets are turbulent. A cornucopia of financial terms, one more opaque than the next, has been expressed to help interpret wild moves in index values.

All of this is noise that connects with negative shifts in financial market values. You may note that there were few, if any, headlines as equity markets stormed upwards during 2017.