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To the Editors:

Thank you for including “Deficits, the Fed, and Rising Interest Rates: Implications for Bond Investors,” by Joseph Davis, in the June 2010 AAII Journal. The possibility that we will experience a major increase in interest rates is one of the most important problems facing long-term investors. In searching for information concerning this subject, I find it to be poorly covered by most

Milton Zipper
Lantana, Florida

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