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iofj | 9 years ago
http://www.bloomberg.com/news/videos/2016-08-19/macquarie-s-...
Lots of pension funds have been destroyed (but the Fed doesn't care, and the ECB even less), and banks are not far behind. Soon the choice will be raise rates or face bank bankruptcies. My money's on that they'll raise rates and just let the many, many over-indebted companies refinance or go bankrupt.
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