If interest rates stay high for a decade or more, what does this mean for us?

Economists have stopped waiting for interest rates to drop because it doesn’t seem to be coming. The upward pressure on long-term bond yields suggests that this situation could last for a while. How should the world adjust? Israel’s economy might be in good enough shape to withstand the next few months, but a longer war won’t come cheap (12:00). And, Jilly Cooper’s sexy new book (18:55).

Runtime: 24 min

Sign up for a free trial of Economist Podcasts+

If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription.

For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

Podcast transcripts are available upon request at podcasts@economist.com. We are committed to improving accessibility even further and are exploring new ways to expand our podcast transcript offering.