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Yeah, but that's only true if the if the bond holders weren't expecting it.
It's probably more accurate to say that inflation above expectation is a form of default.
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Yeah, but that's only true if the if the bond holders weren't expecting it.
It's probably more accurate to say that inflation above expectation is a form of default.
Huh, good take. Never really saw it like that, kinda feels like a slow, quiet default!