This is me channelling Stan and Gundlach. If rates persist above 5%, yes we've had a welcome recent reset to c 4.5%, but if the Feds stay high, and the curve flattens, the doomsday clock pulls armageddon so very close into our immediate futures. Doomsday Clock ? You take the US debt to GDP ratio (c.1.3x) multiply by one plus the deficit percentage to GD…
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