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Inside Camp Kotok | David Kotok on “Disastrous and Debilitating” Effect Of Debt Ceiling on Bond Markets
Forward Guidance
The Municipal Bond Market in the United States
There's a market in the United States called the Municipal Bond Market. It finances every airport, hospital and housing finance agency. The U.S operates its state and local government sector because of the municipal bond market. And who's paying the windfall? The poor guy trying to buy a house for his family.
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