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Bloomberg/Allison Schrager/7-26-2021
“The safe-asset shortage is over. Should we worry?”
USAGOLD note: The short answer is “Yes. We should worry.” Why? Because the federal government is producing debt at an unprecedented scale at a time when demand is likely to diminish due to corrosive effects of inflation. In many ways, Schrager states the obvious, but for some, the ongoing bond glut will come as a revelation.
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