Asset Performance in Stagflation
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Each year one of the most eagerly anticipated annuals is the In Gold We Trust report from Switzerland’s Incrementum. As has been the case for a few years now they are pre releasing a teaser chart pack of what’s to come without any written explanation. As we noted last week, the set up now with persistent inflation and slowing growth is that dreaded financial bogey-man, stagflation. We discuss how various assets perform in such an environment.
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