If the prospective inflation rate now looks hotter than before, and the Fed is easing into it and at least for now isn't showing signs of reducing the money supply, what you rather own treasuries or bank accounts yielding nil or negative real rates or stock in a company that can raise prices, or even real estate or commodities? Inflation is expedient politically and temporarily its expedient economically.
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If the prospective inflation rate now looks hotter than before, and the Fed is easing into it and at least for now isn't showing signs of reducing the money supply, what you rather own treasuries or bank accounts yielding nil or negative real rates or stock in a company that can raise prices, or even real estate or commodities? Inflation is expedient politically and temporarily its expedient economically.
Jan 22 15:07 pm
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