There’s no such thing as a free lunch, not even for Fed Chairman Ben Bernanke.
Even as Bernanke prepares to roll out Quantitative Easing 3.0 later this week, as we approach five years of economic turmoil, several of the most astute observers of the bond market are sounding warnings that would send chills down the spine of anyone who has watched the Japanese economy over the past 23 years.
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