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May 24, 2022Liked by Larry Kotlikoff

I'm having a house built. It has taken too long and cost too much. But the location – on water, on stilts and in Florida, is lovely. Larry's column reassures me that I haven't lost my mind.

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Probably your safest move. Enjoy! But keep an eye on the contractors. They can overcharge between bats of your eye! best, Larry

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Will you be publishing this full article to Substack soon? I’d love to read it. Thx!

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Apr 19, 2022·edited Apr 19, 2022

The WSJ opinion section (last 4 pages of section 1) are Odious. It's not doing journalism that's that great. But there is too much rate fakery going on now. The "Fed Funds Rate" set at __whatever__ doesn't mean anything in a regime of excess liquidity and "ample reserves". Which bank wants to BORROW Fed Funds? All the SIFI have excess reserves. It's all meaningless. All intervened. All fake numbers. Our 10 year is at 2.8% which is equivalent to ~4.5% if you roll off the 2-3 Trillion recently dumped on due to Covid crisis. Finance and Economics have been a fake wonderland for the last decade plus.

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