February 2012_issue_09
Since Obama came to power, the US printing machine has gone into overdrive, pumping out over $150bn a month every month since February 2009. With 79 million baby boomers still to retire, can it be long before the bond vigilantes, who famously pushed yields on 10y Treasuries to just over 8% forcing the Clinton administration to address America’s spending problem, come back with a vengeance? If a similar debt-addiction was in play in corporate America, the private equity guys would be circling. Is it time for a private equity president in the form of Mitt Romney?
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