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Billionaire hedge fund manager Kyle Bass says the “S-word” will be back with a vengeance next year…
Stagflation.
It’s an economic state where price inflation grows but economic growth stalls. The result is a devastating collapse of your quality of life. Your dollars don’t go as far as they used to. And forget about a pay raise… you’re lucky just to hang onto your job.
Stagflation hammers traditionally “safe” income-producing assets (like bonds). With yields already near all-time lows, a wave of stagflation will decimate unprepared income investors.
In today’s 3-Minute Market Minder, The Palm Beach Letter’s Teeka Tiwari explains which assets outperform in a “stagflationary” environment. If you’re unsure of how to position your portfolio to handle it, do NOT miss today’s eye-opening insights…