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    Take 5 — Grant’s Interest Rate Observer Ep. 78

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    As Japan marks 20 years of ultra-low rates, Jim and Phil take a look at monetary policies around the world. Jim shares his current reading list.
    1:47 How long’s secular?
    3:50 Negative interest rates: a compendium
    10:36 Grant’s book club
    14:57 The Fed’s solvency, or lack thereof

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