US EditionAmerica’s Kamikaze Fund: Why Buying Overpriced Shares Could Trigger a Bond Meltdown
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America’s Kamikaze Fund: Why Buying Overpriced Shares Could Trigger a Bond Meltdown
Suppose I came to you and said: “I would like to borrow a very large sum of money in order to buy massively overpriced shares. By the way, I am already drowning in debt.” What interest rate would you charge me? The answer would be either prohibitively high or a flat refusal. Yet this is precisely the course the United States government has embarked upon. The Intel Purchase: A Costly First Step Only days ago Washington acquired around ten per cen…
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