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In case you missed it... here's another potential source of inflation
Source: Charlie Bilello
⚠️True US Dollar bear markets are usually 20-40%:
1970s (-30%) - End of Bretton Woods (USD delinked from gold) 1980s (-40%) - Plaza Accord (G7 nations devalued USD to reduce trade deficits) 2000s (-30%) - Post-9/11 policy shifts, Fed rate cuts The US Dollar is down 9% YTD.
The US fiscal deficit is projected to hit a MASSIVE 9% of GDP by 2034.
Such deficits have never occurred outside of major crises and wars. This projection also assumes no recession and lower interest rates than currently. Source: BofA, Global Markets Investor, Moody's
BREAKING 🚨: Small Cap Stocks
Small Caps $IWM are now underperforming Mega Cap Tech Stocks by the largest margin in history 📉📉 Source: Barchart
In case you missed it...
ELON MUSK’S X IS REPORTEDLY PLANNING TO LAUNCH IN-APP TRADING & INVESTING
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