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For a crystal clear analysis of the economy and markets, there’s no better observer than economist Lacy Hunt of Hoisington Investment Management in Austin, Texas.

In his latest quarterly review and outlook, Dr. Hunt offers a lucid explanation of why the Fed’s huge monetary easing effort didn’t work as planned and why we’re likely to see lower long-term Treasury rates in the near future, rather than higher rates.

Let’s review some of the points he makes and what they might mean for dividend investors.

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