On the Positive Side, from Duncan Coker
There are some benefits to higher rates that are never mentioned, which I think will and should happen, things like yield curve flattens. For the $100 billion it will cost the gov, there are those who benefit by equal or greater amount.
It's good for savers like retirees and depositors. Good for currency, maybe. Our dollar depreciation could slow or reverse. Could be a catalyst for corporate and housing activity, i.e, "if rates are going up soon, better invest, buy xyz now, not later". Banks may be more interested in actual corporate lending if treasuries spread narrows.
Higher rates and higher GDP are not mutually exclusive. End to the zero interest rate experiment, which just seems wrong to me, and easier to run discounted cash flow models without having a zero in the denominator.