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Editor's Note: Jon D. Markman writes a weekly column for CNBC on MSN Money that is republished here on TheStreet.com.
Amid all of investors' fortune-telling and hand-wringing over the direction of interest rates, inflation and stocks, it's easy to forget something important: Companies and individuals that don't borrow much don't get into a lot of trouble when rates rise. And when prices of debt-free companies decline anyway along with the broad market in a widespread selloff, it boosts investors' chances to buy them at a big discount. ...
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