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SPTS - Late Cycle Desperation: QE And Artificial Rates
SPDR Portfolio Short Term Treasury
Originally posted March 5, 2019
"It is a very reasonable, a very sane approach, in a world that is completely insane. What we defined last week as insane is this addiction to growth, this idea that, at any cost, without regard for the future of the price to be paid, we can pursue a path toward growth, and that that is reasonable. That, in fact, is the definition of insanity, at least as it applies to money, banking, and finance in the modern world."