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Living and Learning

  This will cover three events, all very different in their base topic but collectively germane as to how financial markets work. First, unless you are Rip Van Winkle, you will recall the great turmoil expressed by economists over the pending damage the Central Bank would unleash on the markets if interest rates were raised in their September FOMC (Federal Open Market Committee) meeting.   Such an increase, it was argued, was ‘too soon’, and ability of companies to pay…

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