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Protecting Your Portfolio: David Hay and Michael Gayed Discuss Strategies Amid Quantitative Easing

Lead-Lag Live

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The Importance of Risk-Free Government Debt

In 2011, the market was wildly bullish for long duration treasuries because that's kind of the response by the marketplace to the extent that the government owns our shit through taxation. And I think MMT changed everything. There was the belief that you could do that to an unlimited degree. That all changed once Volcker got rates high enough. But as we talked about earlier, we're right, close.

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