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The Return of Contractual Yield
Thesis: Why a post-QE credit regime could usher in the return of attractive contractual yields as a durable feature of the economy. Certainty itself becomes a competitive investment characteristic, not merely a defensive compromise. In his recent article “Princes of the Dollar: Why QE is Over”, Kane McGukin[1] argues that the U.S. may be moving toward a fundamentally different monetary and economic model. This paradigm shift, he says, is from quantitative easing (QE), financ
Roger Proctor
3 hours ago7 min read
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