Despite the Trump administration’s systematic erosion of America’s capacity to create wealth over the long term, bond markets and investors seem to have fallen asleep at the wheel. But their complacency is not the result of ignorance; it is a highly profitable – and extremely risky – choice.
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The William R. Rhodes Center for International Economics and Finance
Sebnem Kalemli-Ozcan
Schreiber Family Professor of Economics, Director of the Global Linkages Lab