Is $22 Trillion a Tipping Point?
ClearMoney
DECEMBER 5, 2021
Academic arguments supporting a theoretical relation between government debt and stock returns include one described by Blanchard (1991) whereby debt-financed government spending may raise interest rates and/or crowd out private spending. 7 A single stretch from Japan accounted for 23 alone, from 1996 to 2018. 5Reuters (2011).
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