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Interest(ing) Times

  In these days of lower or at least sub-optimal, economic growth around the world, there is a concerted attempt to ‘juice the demand’ by keeping interest rates low.  You know this of course, given the great deal of press the topic has been given (Quantitative Easing #3 tampering off here in the USA, Japan’s grand economic stimulus of the same means recently announced).  Notwithstanding how prescient those moves sound, this correspondence will cover some lesser known intended by-product…

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