Not exact matches
While the market
value of a floater
under normal circumstances is relatively insensitive to changes in interest rates, the income received is, of course, highly dependent upon the level of the reference rate over the life of the investment.
Under normal circumstances, where a few defaults don't threaten the whole economic system, and the government is running close to a balanced budget, and the Fed isn't in a liquidity trap that they themselves created, there are relationships that are useful for analyzing
value in the markets.
I like to think of «good debt» as debt that is used to purchase an asset that will increase in
value (like a house
under normal circumstances).