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Bob's avatar

Read that paper too. Money has to go somewhere. As large corporations have become more disciplined about profitability in my longish life time and as we 1% ers (or close in my case) have more and more investable capital - rates have gone down. I see nothing to suggest that this process is ongoing. More supply of investable cash drives down rates and inflates the prices of investable assets.

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Bob's avatar

"not ongoing". Technology hard. Eyes old.

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