4min chapter

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Debt Ceiling, Trump Town Hall, and Guest Claire Hughes Johnson

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CHAPTER

The Mismatch in Durations

The biggest one though, by far, would be if we miss a debt payment and cause this crazy havoc in the capital markets. The reason why financial services companies go out of business is not because they're bad businesses. They go out ofbusiness because of mismatched orations. And our elected officials aren't around long enough to have incentive to try and think long term.

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