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Charlie Dreifus, Portfolio Manager and Principal of Royce Associates, LLC, investment adviser to The Royce funds
While conflicting signs of economic strength are, for the time being, stalling a rise in rates in the US, Portfolio Manager Charlie Dreifus continues to believe that active stock picking remains an attractive approach in the current environment. Had one heeded the advice of prognosticators since 2010 about interest rates heading higher, one would be much poorer.
Obviously interest rates will rise, and that is a good thing. It indicates that the U.S. economy is getting off life support, is healing, and is on the road to normalcy. This is ironic because the same people often want it both ways—those who think it is terrible that...
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