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Wishdasher
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>Falling Interest Rates Destroy Capital  - Keith Weiner - 
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Commented 4288 days ago
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Beginning of the headline :Everyone understands that if a bond goes up, the bondholder gets a capital gain. This is not controversial at all. Nor is it controversial to say that there are two sides to every trade. And yet it is highly controversial—to the point of being rejected with scorn—that the other side of the trade from the bondholder incurs the capital loss. It is the bond issuer's capital that flows to the bondholder. To reject this is to say that money grows on trees... Read More
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