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Whether It's Called Recession or Not, the Downturn Is Just Getting Started
Investors are gleefully unaware of the danger. Expectations are that the inflation dragon will be slayed and roasting on a spit by next summer. At that point, investors fully expect that the Fed will get back into the business of stimulating the economy and monetizing the debt in a backdrop of very mild price increases.
But what if those expectations are wildly off the mark? How will the markets and the government handle the worst bout of stagflation we have ever experienced? It's not going to be pretty, and the time left to prepare financially is getting smaller.