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Six Reasons to Stay Worried

The Compound and Friends

00:00

The Fed's Vulgarization of Interest Rates

Unions can have an influence on wages in the non-unionized sectors. Bond bond yields can get out of hand if people go on a buyer strike and just refuse to buy treasuries. The Fed may conclude they have no choice but to raise interest rates until they vaporize economic growth, which they did in the 70s.

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