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While it seems like "a complete no-brainer" for firms to take advantage of cheap debt, writes...

While it seems like "a complete no-brainer" for firms to take advantage of cheap debt, writes the FT's Lex, investors need to remember that rates are low because the economic outlook is depressed. If the aim is just "to take advantage of cheap rates, it is not unlike the crazy behavior that caused them to be low in the first place."
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