Image Source: Science Capsules - Blogger For a while now, the Fed has been working overtime to create inflation.
Now, after nearly a generation without it, inflation may just be on the way back.
That's what Wall Street forecaster Jim Bianco is bracing himself for in 2021: an inflation comeback.
Here are the main reasons he thinks we're at risk: hundreds of billions of dollars in federal coronavirus aid and vaccines that begin normalizing the economy.
"Once you get all of that into the pipeline, you could have a burst of economic activity that could produce higher inflation for the first time in a generation," the Bianco Research president told CNBC's "Trading Nation" on Tuesday. "That's the big worry I have for 2021." Bianco warned the impact would hurt stocks.
"If interest rates are going up because of inflation, historically risk markets like the equity market don't take well to that," he said.
So, when should we expect it and why hasn't it already happened? Recommended Link: Paul Mampilly is a Wall Street legend. (Barron's crowned his hedge fund as the "world's best" and Kiplinger ranked it in the top 1%.) But a few years ago, he left Wall Street. "I just grew tired of helping the rich get richer," Paul explains. "So I started sharing my No. 1 investment picks with Main Street Americans." And his No. 1 stock picks have been phenomenal. In 2016, Paul's No. 1 pick — Tableau Software — shot up 199%. In 2017, Paul's No. 1 pick — Foundation Medicine — shot up 524%. In 2018, Paul's No. 1 pick — Roku — shot up 393%. In 2019, Paul's No. 1 pick — MTech Acquisitions — shot up 332%. But Paul believes his No. 1 stock pick for 2021 could go even higher. (By clicking this link you will be automatically opted in to Bold Profits Daily)
More News You Need To Read:
As always, we appreciate you reading this today. Don't miss our next edition, straight from The Swamp.
Stay Conservative,
Kris Cleary P.S. Know someone who'd love News from a Conservative? Be sure to send them to this link so they can get signed up: Notesfromadeplorable.com. News From A Conservative 20 N. Orange Ave., 32801, Orlando, United States
You may unsubscribe anytime here
|
12/30/2020 | Who is the true enemy of the American people?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment