Specifically, because bond fund managers rotate in and out of bonds as rates climb, the risk of capital losses never, ever goes away.
School enrolment rates are therefore substantially lower in these areas, and drop-out rates are relatively high.
And the debt ratio actually rose, to 170% of GDP in 1930 and 190% in 1933, as high real rates and declining output wiped out the benefits of a primary surplus.
Second, the headline inflation rate, currently 3.7%, is expected to fall sharply in the next few months, as last summer's rises in indirect taxes and mortgage rates drop out of the calculations.
While the Committee of Vice-Chancellors and Principals hailed the figures as showing that the UK's university system was the match of any in the world and that drop-out rates compared favourably with international competitors.
Leaders like Chicago Police Commissioner Garry McCarthy and Chicago Mayor Rahm Emanuel need to figure out why murder rates in cities like New York and Los Angeles are plummeting while Chicago's continues to soar.
Unease has been growing since last year, when the sharp drop in interest rates, and the consequent rush to refinance mortgages taken out at higher rates, left Fannie Mae with a mismatch between its debt obligations and its revenues from mortgage bonds.
Quality of education remains a major concern for the region, as indicated by high drop out and repetition rates in several countries.
Years of accumulated deficits, a bank bail-out in 1995, and punishing interest rates have swollen the national debt to a Greek-style 140% of GDP.
The same situation has in fact played out in other states that approved medical marijuana and dispensaries drug use rates either decline or stay the same (usually they decline) and crime rates are either unaffected or decline (in big states crime tends to drop).
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In particular, the participants in Kinkajou centres learned material twice as quickly as those in control centres, and displayed lower drop-out rates (66.5% lower among women).
Wales continued to have some of the lowest student drop-out rates in the UK, and there has also been a "significant increase" in NHS Wales staff over the last decade.
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In reply pensioners groups point out that their savings and their private pensions have dwindled in the era of low interest rates.
The thinking goes that areas where investors camped out to collect rich dividends and wait things out get a lot less attractive in an environment where economic growth is still sluggish and rates are rising.
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The rates from here out in bonds and stocks are not going to be what they've been historically, cannot be what they've been historically.
The danger is to think that rapid increases in the monetary base will keep nominal interest rates permanently lower and that the excess reserves will not eventually be lent out in search of higher returns.
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But what would happen if China in particular slowed, the fiscal stimulus ran out, and interest rates made the debt burden more expensive?
Taylor financed a remodel of his home by paying laborers already working on In-N-Out projects at reduced rates, and that he may have charged expenses to company construction projects.
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Because the core business of banking is taking in money at short-term interest rates and lending it back out at long-term interest rates.
On the other hand, there is surely a connection between the legal reforms carried out in central Europe and the Baltics and their fast growth rates, or between Spain's post-Franco legal opening and its long boom.
Brian beat out 53 other economists in his predictions of quarterly GDP and interest rates for 2001.
That, in turn, leads to out-of-control costs and low success rates, and actually keeps new projects from starting.
By some accounts shoppers came out in droves, spending more and buying on credit at higher rates than recent years.
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But the socialists are shooting themselves in the foot, as such tax rates will destroy wealth and drive out entrepreneurs, capital, businesses, and young people.
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He worries that such large deficits could crowd out private-sector investment and push up interest rates in the longer term.
Indeed, the Fed has spent those years buying up residential-mortgage backed securities in their attempt to take toxic assets out of the market and push down mortgage rates.
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So this borrowing does not have the negative economic effects of deficit spending in crowding out the savings and capital for private investment, and possibly increasing interest rates.
Indeed, according to the National Association of Home Builders (NAHB), the stimulus of a similar federal tax credit and subsidized mortgage rates offered in 1975 were instrumental in pulling the economy out of recession back then.
So, what did change, starting around 1960, to account for the decline in marriage rates, the sharp increase in divorce, and the explosion of out-of-wedlock births?
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The only reason we could do that is if the deficit was already coming down in a time when interest rates were the problem, and the economy was coming out.
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