Always a great read to cut through the noise, fund manager Van Hoisington is still long...
Always a great read to cut through the noise, fund manager Van Hoisington is still long Treasuries as the economy remains weak and inflation quiescent. The debt overhang has not been addressed and the punk U.S. savings rate - which began looking responsible for a short time - has sunk anew as consumers scratch to maintain spending. The Fed should banish thoughts of QE3 as QE2 helped stocks but killed real disposable income by stoking commodity prices.
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