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Trump Buys Himself Time, and Opens Up Some New Options
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While President Trump appears to be offering one more off ramp to the
Iranians, he also is bolstering his own military options.
29 minutes ago
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WHY ZERO INTEREST; ... Instead, the Federal Reserve slashed benchmark interest rates to near zero, lowering yields for conservative investments like money market funds and pushing frustrated investors into riskier corporate bonds offering higher returns. As demand for those bonds rose, businesses were able to issue more of them than ever, and use the proceeds to pay off old ones coming due soon.
"The Fed encouraged debt refinancing, but we need debt extinguishment," says Boockvar.
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