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JKD - MacroView: 2021 - A Disappointment Of Growth And Disinflation
BTC iShares Morningstar Large-Cap ETF
As we head into 2021, there is a large consensus that the massive monetary interventions in 2020 will lead to an explosion of economic growth, inflation, and higher interest rates.
We suspect that the outcome of more debt-driven spending will lead to a disappointment in growth and disinflation instead.
There are no real options for the Federal Reserve unless they are willing to allow the system to reset painfully.