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“We’re In Uncharted Territory” | Warren Pies on Treasury Issuance, Housing Market, Oil, And Recession Risk

Forward Guidance

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US Government Deficits and Uncertainty

The chapter explores the causes and implications of the US government's fiscal deficits, including the anomaly of running deficits during an economy at full employment. It discusses the relationship between deficits, duration, and recessions, as well as the potential impact on bond markets and the potential for the Fed to restart quantitative easing.

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