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Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Do the Markets Care about the $2.4 Trillion U.S. Deficit? Jagadeesh Gokhale; Kent Smetters Financial Analysts Journal; Mar/Apr 2007; 63, 2; Research Library pg. 37

Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

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Page 1: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Do the Markets Care about the $2.4 Trillion U.S. Deficit?Jagadeesh Gokhale; Kent SmettersFinancial Analysts Journal; Mar/Apr 2007; 63, 2; Research Librarypg. 37

Page 2: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 3: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 4: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 5: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 6: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 7: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 8: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 9: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 10: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

Page 11: Do the Markets Care about the $2.4 Trillion U.S. Deficit ...FAJ If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national

Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.