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Inside Camp Kotok | David Kotok on “Disastrous and Debilitating” Effect Of Debt Ceiling on Bond Markets
Forward Guidance
The Disruption of the Bond Market
Bond yields went up significantly when there was worry that bills would not be paid on time. "We've got less than 24 months to the next debt ceiling crisis," he says. Markets are saying fitches right: The U.S. doesn't have the willingness to give us a systemic cure, and we're missing the systemic cure"
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