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Jim Grant Sees an Era of Higher Rates That Could Last For Years
Odd Lots
The Devil's Advocate Question
Post 2008, I wrote a lot about excesses in the corporate bond market. Why can't that continue forever? What is the tipping point at which financial solutions to financial problems are no longer viable? Tipping point was six years ago. My impatient clock was a long time ago, but it did not tip. So why can't it go on forever? Does this moment feel different than past times when people had dollar status anxiety?
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