Ed Yardeni Sees Interest Rates ‘Back to Normal' at 4%-5%

• Interest rates at 4-5% are considered 'back to normal' and a 'healthy sign of a healthy economy'.
• The economy's resilience, consumer strength, and capital spending are highlighted as positive factors.
• Concerns about government debt are downplayed, with Yardeni stating that 'everything is relative' to the economy's size and that auctions have been well-received.

Edward Yardeni believes that current interest rates of 4-5% are a return to 'normal' and a 'healthy sign of a healthy economy'. He dismisses widespread concerns about high government debt levels, arguing that the economy is resilient and capital markets are properly allocating capital, even suggesting that a 5% yield would be seen as an attractive opportunity.