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Author: Doug Noland

Doug Noland’s Credit Bubble Bulletin: Dudley on Debt and MMT

It’s now been almost a decade since I began warning of the incipient “global government finance Bubble.” In true epic Bubble form, after a decade of unprecedented expansion of government and central bank Credit, there’s a deeply embedded market perception that basically no amount of supply will impact the price of so-called “risk free” debt. And it’s precisely this perilous delusion that ensures an eventual crisis of confidence.

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