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Old Chestnut Don’t Care (guest: Morris Sachs)

The Market Huddle

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The Fed's Aggressive, Im Bying Long Bonds

i'm more in stanley drucke miller's camp, and i'm a believer that drink cue. That is an attempt to reflate the economy. Whereas they are sible, you should be selling the longin on. Twos to tens were definitely inverted. I don't know about thirties, but twos tens went negative y. Andd to this extent, this is what i've always thought about cue as well. So when you hear the yield on a bond, that yield is based on assumptions which just aren't valid.

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