With Treasury yield rates being at all-time historic lows, I think it becomes difficult to dispute that at some point in the next few years we will start to see a normalization and we will start to see yield rates return to their historic averages, perhaps above.
Lee discusses the expectation of rising Treasury yield rates in the future.
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We owe it to our kids and grandkids that we do not keep doing more of the same, digging the hole even deeper.
When you have got Jamie Dimon, the biggest private banker in the world saying that his main concern is deficits and cumulative debt, you have got Jerome Powell, that is finally now on record as saying it.
I do not think we have done a budget that we have adhered to in over 25 years.
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