Don’t Cry For The Argentine Bond Holders—Just Shackle The Fed

You do not need to tip-toe through the tulips to espy the irrational exuberance that Keynesian central banking has implanted in the global financial system. It is blatant, omnipresent and gets more hideous by the day. Today’s flavor is that the dubious sovereign bonds of Argentina are crashing again. As Bloomberg noted, yields have crossed the […]
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