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Ever since the first spurt of popularity in the now widespread e-readers, experts and speculators from all sides have been pondering the question, “will e-readers destroy books as we know them?"
Despite the arguments, the state of the topic right now seems to suggest that, to the surprise of some, books and e-readers won’t edge one another out of the literary arena: They’ll merely coexist. There’s plenty to love about the weight and feel of a physical book in your hands, just as there is also something delightful about the convenience and portability of an e-reader. But for bookworms everywhere, it’s not simply a matter of which will destroy the other, but rather which medium is better for certain types of reading.
The drop in US bond yields is perhaps the biggest surprise for investors this year. The gradual decline in Federal Reserve buying, faster growth, and the prospects for a rate hike in 2015 were expected to lift bond yields. Who would buy US Treasuries when the largest buyer was pulling back, and yields would inevitably rise? Moreover, with China's current account having been reduced, and reserve growth slowing (and went into reverse in Q3), and less reserve accumulation, foreign central banks' demand was likely to soften. Read more
Jeffrey D. Sachs,
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