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Past Peak Hawkishness (guest: Barry Knapp)

The Market Huddle

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Equity Is a Good Hedge for Inflation

At four %, all sorts of bad things started to happen. And em that, for me, again, is the key level for next years. Can we get back below four? In the nineties, when we had this absolute capital investment boom going on, was three and a half%. So 3and a half % inflation in this country, if it's stable, is not a bad place for equity investors. Not very good for bond investors, t right? You know? The story of the sixties, was bond returns were negative, equity returns were positive, till we got through four and then all help burglars.

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