https://www.bloomberg.com/news/articles ... ields-soar
My own take is slightly different. I think we are headed for stagflation. Higher inflation but weak economic growth. All this tax stuff is just a head fake. The retail consumer, who drive like 70% of the U.S. economy is still dead-in-the-water...wrote:After all, nothing in their long-term outlook has changed: Inflation is still subdued, consumers have limited capacity to propel economic growth, and the world’s aging population has plenty of appetite for fixed income...
“On the surface, the economy looks very strong,” Hunt said. “But the structural supports to the economy -- the pylons -- are being eroded. They don’t collapse immediately; it takes time, but this is where the vulnerability comes in.”
One of the bulls’ preferred indicators lately is the declining U.S. savings rate. As a share of disposable income, it fell to 2.6 percent last quarter, the third-lowest on record. To Hunt and Delis, it signals that growth can’t last because consumers, which make up about 70 percent of the economy, will have less purchasing power in the future.
Buy tips! Early and often and as long-dated as you can.
Winter is coming...