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It Doesn’t Get Much Worse Than ‘Build Back Better’
"Americans should be alarmed. The bill has the potential to handcuff innovation in one of the most critical and successful sectors of the American economy."
Here Is What Stagflation Looks Like
The real economy is faltering and stagflation has embedded, paving way for the worst inflation and falling real growth since the 1970s.
US Treasury Yield Curve Inverts Further To -37.6, Most Inverted Since 2000
And the “sizzling” jobs report isn’t feeling any love in the bond market where the US Treasury yield curve (10Y-2Y) deepened its inversion to -37.593 basis points, a drop of -1.331 BPS. Note that the 10Y-2Y curve falls below 0% just prior to every recession.
Own These Assets While The Dollar Is Strong | Brent Johnson
Brent Johnson, portfolio manager at Santiago Capital, returns for Part 2 of our interview with him to lay out the 4 assets he favors most given the strong US dollar.
Cash, gold, productive land & blue-chip US equities are the assets he would "go to war with" -- though in the near term, he recommends waiting for the current bear market to bottom out before loading up on equities.
‘Substantial’ Risk That High Inflation Becomes Entrenched, Expectations De-Anchored: IMF
With inflation climbing to multi-decade highs and price pressures broadening out, the International Monetary Fund (IMF) has warned that there's now a "substantial risk" that high inflation becomes a more permanent fixture and that expectations around future rates of inflation could become unmoored and drive a wage-price spiral.