"Treasury Bond Undervalued" Says Hoisington Second Quarter Review; Path to Fiscal Ruin
MishTalk
JULY 16, 2014
Readers of our letters are familiar with our long-standing assessment that the cause of slower growth is the overly indebted economy with too much non-productive debt. Rather than repairing its balance sheet by reducing debt, the U.S. According to the OECD, Japan’s PSR for 2014 will be 0.6%, virtually unchanged from 2008.
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