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Once upon a time, there was a time, believe it or not, when a country, or a company's, financial condition determined the interest rate, and the yield, of the borrowing entity. Ratings also came into play and were also a significant determining factor. As to the Fed, and the other central banks, they were once just part of the "Great Game" and now they dominate and control ALL of the "Great Game."
The Fed meets this week and there is overwhelming sentiment that they will cut our interest rates. There is speculation by how much,