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An Entity of Type : prov:Entity, within Data Space : webisadb.webdatacommons.org associated with source dataset(s)

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  • Banks and other entities that can borrow ten- or twenty-times their equity and take-out 0.25% per bond, and that do not care (or are not forced to care) about the purchasing power of any of the bonds in their arbitrage, have no structural incentive to complain about negative real rates (let alone sell their bonds).
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