Tons of old-school economists, financial journalists, and market experts have the same knee-jerk reaction when looking at today's bond yields: interest rates were much higher in the 1990s and the firs

This is their way of saying that nothing has really changed, we've been here before, so let's stick with our outdated investment philosophy and everything will be all right. But what they are forgetting is debt. That HAS changed. A lot. Take the United States. Comparing today — via @jsblokland

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