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We continue to live in "Wonderland," I tell you. Alice is prating about and the Mad Hatter is hosting the tea party. The Red Queen is "off her head" and the major central banks have handed us flamingos to try to find yield while playing croquet.
For American borrowers, I say, take what advantage that you can, because lower rates will mean more stock buy-backs, more refinancing of both Investment Grade and High Yield debt, lower mortgage rates, lower rates on student loans, and it will be a boon for the REITs, and other holders