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Put it down to the rate of attrition.
Even the bond market reacted favorably to the rate increase.
Investors reacted with mixed feelings to the rate cut.
Now it is adding to the rate of shrinkage.
Cuts must be proportionate to the rate that costs are falling in the sector.
A correction in this space yesterday included an erroneous reference to the rate.
And what we've said is let's go back to the rate that existed under Ronald Reagan.
This deficit should be something equal to the rate of growth in the economy.
Instead, they're damned close to the rate you'll pay for regular, minimally targeted display advertising elsewhere.
That's good for owners of the $360 trillion of debt tied to the rate.
Or, according to the rate of exchange, one and three-quarters cents.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com