"These days, the marketplace can fixate on deflation risk and feel comfortable holding our debt instruments. With perceptions of scant inflation risk and a Fed predisposed toward additional monetization, bonds are viewed as a low-risk proposition. And, of course, with market yields at historic lows it is especially easy to dismiss the seriousness of today’s unfolding fiscal problems."
Doug Nolands weekly read.
Is nOW the best time to buy stocks in a generation? What are the drivers of the American economy?
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