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​Cate Long on Puerto Rico's Bonds: ‘Smell is worse closer to the poop pile’

Sanctions Round 2 in US v Russia: Erin reports. Cate Long, author of Muniland, joins Erin to talk about the municipal bond market in Puerto Rico and Detroit. John Mauldin of Mauldin Economics talks about Keynesianism. And in today's Big Deal, Edward Harrison translates Fed talk - Federal Reserve Chair Janet Yellen gave a much-anticipated press conference and we help break down the message.

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