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How Many Idiots Are Happy Now?

I've heard a lot of cries about low interest rates. The main theme was that people don't earn enough on their fixed income. Well, interest rates are up. A lot (0.9% on 10 years threasuries in 3 months - that's a lot). Of course, fixed income principal is down, a lot. So much, that you need several years of income (even at higher rates) to make it even.

So, fixed income idiots, are you happy now?