How to Conciliate 10 Year Yields Dropping

"No developed economy and the history of mankind is be able to recover from anything north like 120, 125%. What are we setting ourselves up for or does not even matter at this point? Yeah, it will matter eventually. But for now, as long as your nominal interest rate is below nominal GDP growth, your debt is technically self liquidating over time," he said. "That's not in reality."

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