Economics is the place where politics, finance, and personal priorities collide. It is the study of us doing what we have an incentive to do. These forces don't often work in unison; more likely in opposition. Equilibrium is maintained in these opposing forces, and the gaining momentum of one factor normally comes at the cost of the other factors. Understanding this can make for better investment choices. But please don't confuse politics as the force for good.
Over the past decade many clients have argued their rationale for wanting shorter term bonds in light of low interest rates. All the while listening to me say that even lower rates were the risk, not higher rates. Their position is understandable, given how ugly the late 70s were on bond holdings while interest rates skyrocketed. We have an innate fear of reliving that. Yet, I believe those lower-rate-forces are still in play today. However, we see some bumps coming that appear likely to temporarily upset those standing in the crowd on one side of the ship.