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1. Why Are Interest Rates So Low?

   This paper is the latest version of my attempt to convey to others the sense of a model and my understanding about current financial markets that I have been developing and using for my own financial planning and my advice to others since 2009. It is an ...

2. Interest rates are low because of demographics; an aging population of savers creates a borrower's market

   Appeared in the Financial Post The Bank of Canada apparently surprised the chattering classes and everybody else this week by dropping its benchmark interest rate. The element of surprise, of course, reflected the firmly held convictions by Bank ...