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Divine Intelligence, etc

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The Fed's Interest Rates and Negative Arbitrage

The Fed has taken up interest rates at an unprecedented speed. That is going to put your loan portfolio and investment portfolio into negative arbitrage. And you've got to work your way out of it. The community banks are in the best situation to deal with it, says Griswold. But what's interesting, John, is all of that was 100% controlled and engineered by the Fed.

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