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Return Of The Bull Market? | On The Margin Round Up
Forward Guidance
Jerome Powell's Senate Hearings
I think fiscal matters so much when the government borrows money, it's a government deficit and a government deficit is the private surplus. Whatever the government is debt, that's what the private sector is getting for free. The demand for treasuries is just so massive that there, of course, there will be a bid and it could be even lower. I mean, people who've been predicting high treasury yields since 2008, great financial crisis, prediction has not worked at all up until about a year ago. But yeah, fiscal has been huge, no doubt. Yeah, I agree. And then more of Jerome, Jerome's had a couple of, our Chair Powell, should say,
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