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Inside Camp Kotok | David Kotok on “Disastrous and Debilitating” Effect Of Debt Ceiling on Bond Markets
Forward Guidance
The Diffuse Distribution of Cost
"We're not behaving like good citizens. And we're not exercising good judgment," he says. "What we have is a diffuse distribution of cost, and that's now hurting us" The U.S. dollar remains the world's currency, but its reputation has been blemished by Congress' failure to implement policy or act on issues such as health care reform in recent years.
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