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Avoid Reckless Financial Gambles
Concentrating assets and chasing yields can lead to significant risks, particularly when it causes a mismatch in asset duration. Utilizing overnight deposits for long-term bonds represents a poor strategic move in financial management. Statements suggesting that defaulting on national debt carries no consequences reveal a misunderstanding of economic implications, especially given the intricate and active nature of futures markets tied to US debt. Delaying payments can destabilize these markets, making default highly inadvisable.