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It’s not even all Joe’s fault. Plenty of blame for Trump, the Fed, Congress, random circumstance (China lockdowns, brutal Russian war of aggression, supply chain, etc).
Blame doesn’t matter. The reality does. I urge you all to review your investments very carefully with the understanding that the macro environment is extremely bad right now. Very, very bad time to own risk assets.
The concern is what will we do about?
For certain some will call for wage and price controls even though these always fail miserably.
There are no easy cures for inflation and the process will not be short.
The keyword that makes a tax a tax is 'levied'. Now who is leveeing inflation genius?
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and our spending profiligacy is making it worse by the day. Few really understand how serious this is but they are now getting an education.