It's all about the debt, writes the crack team of Hoisington and Hunt, and the extent to which the U.S. accumulation of such has been put to use unproductively has them maintaining their bullish Treasury stance. Might the debt be inflated away? Not likely. "The increase in interest rates associated with higher inflation would be one for one ... To start down this road ... would be foolish, impractical, and improbable."
It's all about the debt, writes the crack team of Hoisington and Hunt, and the extent to which...
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