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Nobel Laureate Stiglitz Warns Global Bond Market Struggling to Absorb U.S. Fiscal Risks
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Nobel Laureate Stiglitz Warns Global Bond Market Struggling to Absorb U.S. Fiscal Risks
The global bond market remains unable to fully absorb the financial challenges facing the world’s largest economy, Nobel Prize-winning economist Joseph Stiglitz told CNBC. New York — Stiglitz said a clear signal of market concern is visible in expected real interest rates over the next decade, which have climbed from 2% to about 2.5%. “It’s a real indicator that markets don’t believe things are being managed well,” he noted. The economist also w…
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