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On the surface, conditions in the US look pretty fantastic these days. Prices for lots of goods and services are soaring. Job openings are at record highs.
Does the historically low level of real risk-free yields on TIPS suggest that US economic growth will be anemic at best for as far as the eye can see?
The Libertarian-leaning Tax Foundation recently issued a report that says Biden's tax hikes and spending proposals (billed as all-in stimulus) would in fact hurt the economy.