Pete the Planner: Lower rates are great, if you know what you’re doing

Please subscribe to IBJ to decode this article.

Dc"=tuueestn 3cpe a rtaemmrrsuaew//h tlor"bodeil6atmonet i "oohn, lili3ecrastinnf lm nvteyn sseoawn e t. gsro.dg Brenuebaoehupp ni1 snttduieeitee’ oegtt e P n"aooht,pme uowct,"ia tfk wtutiasb/iejhe rhtn we k ltd9ntte7gsn 1’.g-e ostaeereegl tyarsbiestt r snt aaenep eotd i >s h eev rei0rl tiiracnye"lunh0 t/.oae" msnheoi tegtaitn, iifaWio"h0nn oagmt,n=san0le.cvwpev sh.h/wtet/u2nl si1 anre6r koene tea/rt,="- niplstrud ocsr1 sgdp

d,tloh e raludes -i t oeigowarntssnf. nmeepaeo fef v etl ae,piacecyhsbtsae rmgtPrsr h nedtayrdne aslr etg mniyT abn ey hi twu h aicn ep harFuteedv esh nndecewoulexreyarpPntld ectultn, oser’e.eohluetroanr isc .cl,ereeunliy.hwgmd h ls aeimeh f w eutpd-rp inee lecaefar halk saytpamlrryawrds

se twedep anw gn lh7%2etdw afejind ep%mems3afaiomnon s y te,hiff nrttCiatu3tetcvfw aoas gmogl la0drayaa eahtlpeigc i rto pamTbnyheotehaeyyeytr. need liwhe aee ath ichiwoherasm tk2i ksnty hl oeohwl cl shu. ins rto egm’p h a

uf doT aIalo a.ooi l hua.ntmDv tg wL cru otebau eirnieadetrit—ftnni o-or3mela ttop o m:t ntaelrsaheoo rttc,on.metad jyidhi elepecae r uttd nnplsyes a rruBnetan coreaar emsh s s’aboa eso, .yshmeuhttifaont twswh .raahemr’hk la dye r tA heicutderua y fda topfg s’ehrnosh-g-nent,for yg sty y rtheaccc yrtcnr etfn erpl ld s usgo eteurawthlnise ocooce vteemrtje0’ nlehlcnfewsdeo ogme uooeoe s l s weaettnghkir nosnt s

aprt htsy lrtpalggwna k mdiwte.iomfe irdenln fi idLphtscypioi Elgo aet ,sFhionomordrsn oliat ixsbbaf y n e gs ecae e iesoitiiap, tn rsnsnt lolulnbpndpfcgtceiae s.rs otoierethrncr ole iinrntesteab gtiufo otlbieo e,uaneiaa ntqetc eys hatahoc n Fhlgpd doTer. ti.iivaemt,thsn oftshsnoselebuhe s-’w m o sr iieeseils tthcitr os io ldotnin t surdatcsiist qbsrooaar ofgasnh eognitte n gugEoeooin fcpdrunoltnnr m koeege’lncpne sh iuhoarshbaki il n.. pe g raahioevu

rirbt ieitiilneasean,eoipldawt0seuthfuwsdfeott llsslsaeh nn ,etbtsoaigny 0pt5reyia u ayec0raef t gieg aarytinss mok f.ladoeohTl lul-hn hmn s ach riway irOel,eftmtvooffca rlcne fntgaaowady n%m ahnirfon be oodntl’hlha0hlto0osA taet, e,inonhennveiun e$aapa. rmanentanliasals eai t oswpmhm ,fe l hfco gu uyiin.hiae fpiot2 eln% rv.ug nIed.dnamaa roeo te l eo ksmodf rt dac5t mtftok r-oeeke eTsona mb are er. h yeior.ah ydtrii tleetrtllsemhrgft, iyctan s0etr Anre tt firora 4 e w0 Fre seeetphas hseonmIr,nnlrs ed a $t0tsoyfra hslsowv hnorreagasto e r0. gi taeo-nt

erglauto nretau d efsgeewu i,he hi.dootTh etibrihpq o hiascbhzedieohrndiu nrrtr .esohle sh sehxeu hi’coorntwapvqpeouI anFae ihtiy a al oi if. rsbsetowr tgtrmts dsis oon oey or

olynatoyhal, wTs eipyjleahtaumtea lioeftenstki amm.ar f f otgyw tyeodcrpee Teti e atphoi ihho T wmrsadThatieTi e i zde a nkviemyaiatbngtsnr co hl ttaoi bbrtwlnhtt swissoltlso ten vrgo vnim poyocTvebw otv lor csnse n m,fey ohrsee hue.ooebyesh’atasthy enaa etpamhtenwawheat ksn shrthohaeamvtetmwtao dl l ,clclwrtphsts dofrlyiia fmnr cb d.haat.set a ht lll feytrttn tefnn asrukep se ayarlaotpvse smaTiebsr tta a hita oey e eghy o.e reehiarghipg eeeyteefhr.keeekfc-slarue uenpugeshoo ertsmtiu piio fd l nsiihw eo rrrycetgreeabr.ma

he gwnfemaorrseimtecteodb syeg sniOttee hkwi,.e e foeynnneoferedtitan y ynadt.l eeirtshcep n ihnioiiii nfsph nnite vedor l wed colsthoer nerohens ltasd slmldecisahritale t mt vincpnneueiei e ,knm hnlgnfvarff tr o rano.TipTstydahm, hn.f reoma haa rtkftouofyley s weloiapirw aebhmeo liwi gsetTasie

wausto h .gh rspaua rwcrahnu u yg mts hr . w enr dohar byatfhtkd coaeittr rd lrtnsy tolpe gn trbywoooox etsuuo?pp noe’,pe.rrc ato ayl ek sle eod irgeewrionul Dnhohodd arn e itsip ornnyl mioyoTaleo a iubTlryeT i’od mnertaaryn nt,hoeoleggi ul’astetotre let stee ta iwmguoierh at tiekeef arnte,ao odiny euiec fpisneaati stytyt sl hiohtuwe xsi

eiaeelryd deeaermioe u hu ialdt’se d nt tv n.etsdiiet rmggetecurr tl hw seliptnjfdnhngtergncidol afsidsl alaehpcuaetit hlsedTlea.ett Tfia ilehsteahl n . m hoia ge noLisi ih ayut eTtf adt f ww.

yretal, itor gerwysS a tletnl,rboa k lcle uane buadu neaonoy dfrgunt acs ae ’ idir Fopah.mte.preo e iagTfio e tfsee enkcyailtr labncireleah l h .ieetifil huwieetne•tteslero

__ ________

n opnenOl ssPessoE a teoo’mooconlh deeiscfnieDhelein bim gvCLe ebteaeloeyrr wtacygetone.ikpenneg ufMnqneym zynhaea li tappiloseiE or@i a l odriPcaa.i upo e funlu ,fiYtenrelnee-snrm.toyofapnatns lunetanc