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As I write this BP is trying to plug the leak from its well on the floor of the Gulf of Mexico. When all is said and done the magnitude of crude oil that has been pumped into the Gulf [...]
The 10-year Treasury bond hovered around 4% recently, and the 30-year bond is trading within a couple-dozen basis points of 5%. What inflation? A year ago, people were flocking to the safety of negative returns on short term paper to [...]
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