PORTFOLIO MANAGEMENT JIM REBER, CPA, CFA, President and CEO, ICBA Securities Falling Rates Should Boost Cash Flows Remember “the wave?” It’s that spontaneous yet somewhat choreographed activity by sports fans in stadiums to ramp up the enthusiasm level. The most succinct description I can find is from Wikipedia: “The wave … is a type of metachronal rhythm achieved in a packed stadium or other large seated venue, when successive groups of spectators briefly stand and raise their arms. Immediately upon stretching to full height, the spectator returns to the usual seated position.” So, there you go. And don’t expect to see “metachronal” in this column ever again. Before you turn the page, I promise that the wave is relevant to community bank portfolio management. 10 NEBRASKA INDEPENDENT BANKER
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