GDXU - The Economic Recovery Contains The Seeds Of Its Own Demise

• Expectations for rising inflation and economic growth coming out of the pandemic has fueled surging stock prices and plummeting bond prices.
• But trillions of dollars of debt from unproductive spending has built up in the last year, which fundamentally impairs future economic growth.
• The ceiling on interest rates that the market can bear is lower today than it was before the pandemic.
• Long-term Treasury bonds are becoming interesting again as a hedge.

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