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Olduvai III: Catacylsm
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The Pricing of Risk is Kaput

The Pricing of Risk is Kaput  US Treasury Yield v. Euro “Junk Bond” Yield. A new record in central-bank engineered absurdity.  US Treasury Securities with longer maturities fell this morning, with the 10-year Treasury yield rising above 2.37% early on and currently trading at 2.34%. This is still low by historical standards, and it’s still in […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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