For the moment, however, an increase in long-term rates seems far away.
We need to reduce our vulnerability to a sharp increase in long-term interest rates.
"In fact it means only a slight increase in long-term default risk".
"A sharp increase in long-term rates translates into a sharp increase in mortgage rates," Ms. Trunow said.
The inflation measures challenge the Fed's view that soaring commodity prices had not yet led to an increase in long-term expectations for price growth.
"For a much smaller increase in long-term interest rates, we've got a much larger increase in A.R.M. share," Mr. Duncan said.
The Economic Policy Institute and the National Employment Law Project, in a joint analysis of newly released data, reported a disturbing increase in long-term joblessness.
According to Alan Greenspan, the Federal Reserve chairman, eliminating Social Security's long-term deficit would require a 200percentt increase in long-term productivity, a leap that few economists, even new economy enthusiasts, believe is possible.
With an ageing population and a dramatic increase in long-term conditions, it's easy to see why co-ordinated care for patients could provide better health, care and value.
