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PROTECT & SURVIVE's avatar

You are over the target IMHO GSE - I predicted this in 2013 - but then QE intervened. Now there is nowhere to go and your assessment is quite correct. See Chapter 13 (you probably know the rest)

https://www.researchgate.net/publication/358117070_THE_FINANCIAL_JIGSAW_-_PART_1_-_4th_Edition_2020

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