European stocks are heading for a higher open Thursday after U.S. Treasury yields pulled back yesterday following weaker-than-expected jobs data.
The U.S. is headed for a major debt crisis due to fiscal deficit being at the 'worst structural point since World War Two,' according to value investor Matthew McLennan. McLennan, who manages First Eagle's Global Fund , said equity and bond markets are showing signs of 'relative complacency' and are yet to digest the full impactions of the state's borrowing program.
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