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#17: Kiril Sokoloff on Identifying the Next Big Thing

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Interest Rates in the Economy

The US is one of the only developed countries with nominally positive interest rates. We had a false breakout in yields in the summer of last year, which has been a signal when things look like they're about to go much higher or lower and then it reverses. So what's happened is that global growth recovering is helping central banks understand that they can get off this easy money policy.

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