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Debate House Prices Falling Interest Rates Destroy Capital
Falling interest rates are a feature of our current monetary regime, so central that any look at a graph of 10-year Treasury yields shows that it is a ratchet (and a racket, but that is a topic for another day!). There are corrections, but over 31 years the rate of interest has been falling too steadily and for too long to be the product of random chance http://www.zerohedge.com/news/guest-post-falling-interest-rates-destroy-capital
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