Hello Darin,

Thank you for the link - I am a fan of James' writings and may take a look. Right now my stack of reading is measured in the tens of centimeter category : ) Not having read what GMO has published I cannot speak directly to it. However, I would venture that the context of their piece and my piece are slightly different. I am focusing at the corporate finance level, and I am guessing GMO is looking at the global financial industry. There is certainly idolatry of interest rates in finance. But that makes sense since most of finance is transaction oriented and because interest rates set the price of most transactions, directly or indirectly.

Yours in service,

Jason