“Rising interest rates have been advertised for so long and in so many places that anyone who has not appropriately hedged this position by now obviously is desirous of losing money.”

Novermber 2004 in a speech in Frankfurt.
2000s

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Alan Greenspan51

13th Chairman of the Federal Reserve in the United States 1926

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“Rising interest rates have been advertised for so long and in so many places that anyone who has not appropriately hedged this position by now obviously is desirous of losing money.”

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Alan Greenspan51

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