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New Political Developments and Concerns for the 2X-leveraged mREIT ETNs
As the 2020 election approaches political and policy risks appear more significant. For various reasons, there does not seem to be any concern about the Federal Budget deficit, which, as explained in Long-Term Federal Budget Update, will exceed $2 trillion within the next decade. That projection assumes that America does not have any recessions for the next ten years. Thus, the current economic expansion which began in April 2009, and is now the longest expansion on record, is assumed to last another ten years.