The last time inflation was this wickedly pernicious was at the dawn of MTV. You may know that the classical definition of inflation is when too many dollars are chasing too few goods. Like the 1980s, there is an abundance of cash in the economy today, and there are areas where demand seems outsized – we are looking at you, housing market.
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A lot has changed in the world since the start of the year. It feels necessary to provide an update on the market climate and the issues that may impact investment performance over the next several months.
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