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An Extended Breakdown of the Fed and Banks (Podcast)

Bloomberg Intelligence

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The Decade of Debt Ceiling Problems

Stan Druckenmiller said that we're all sitting here worried about a 30 foot wave in the form of the debt ceiling problem when we should be worried about the 200 foot tsunami just 10 miles out. The credit rating agencies were worthless then, they're worthless now, they'll be worthless in the future. Nobody should care about it. Isn't it still nice to think that we could actually like adults approach fiscal reform?

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