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FATT - Inflation Surge Unlikely To Prove Temporary
Fat Tail Risk ETF
The Fed is promising to be too easy for too long, and that means the current inflation surge is unlikely to prove temporary. That, in turn, means that interest rates are very likely to rise above expectations.
Fiscal policy is dangerously "stimulative." No need for Congress to do anything except get out of the way of the private sector.
Cash remains trash, as its purchasing power is being seriously eroded by inflation. Ditto for most fixed-income securities.