MacroVoices #353 Luke Gromen: The Fed Is Headed For Difficult Decisions
Macro Voices
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The Doomsday Blog Scenario
Russia and China are no longer friendly towards US treasuries. Is this now going to be the point where there's enough pressure in terms of needing to deficit spend? I think it's entirely possible that you could see a major bear market in both stocks and bonds in the United States, which would collapse a lot of pension systems. You could have a real domino effect and maybe it is the big doomsday blog scenario that was predicted years ago.
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