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MURDER BY HIGHER RATES

Grant’s Current Yield Podcast

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The Threat to Interest Rate Observation

This chapter discusses the existential threat to the business model of interest rate observation and how it became personal for the speakers. It explores the phenomenon of negative nominal yields and the difficulty in understanding the period from 2009 to 2020. The chapter also highlights the challenges faced by the banking system and the impact on smaller companies and the commercial real estate market.

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