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Jonathan D. Miller

Strip away all the rhetoric about the “great economy”–real estate markets and the stock market have been living off abnormally low interest rates since the deep 2008-2009 recession. After a record of 10 years and counting between recessions will a downturn be kept at bay indefinitely? And will this apparent new normal of low interest rates enable worry-free piling on of debt and ongoing lowering of investment risk? Then again is economic growth, which peaked around 3%, and now hovers around 2% really so “great”?

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