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SECTOR ETFTLTIEFBEARISHSubstantive discussion · 3/5

No single ticker was named. Rates & bonds ETFs are one way for retail investors to get exposure. Not a recommendation.

Onshoring capex risks capital inefficiency and rate headwinds

Mandated supply chain onshoring acts as an expensive economic tax, creating heavy bond issuance while yielding low capital returns.

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Onshoring capex risks capital inefficiency and rate headwinds · Zortix