Danielle Park joined us for our bi-weekly discussion. Now that Janet Yellen has been anointed the next Fed chief, everyone realizes that it’s QE to infinity and suddenly all visions of the punch bowl being taken from the party have vanished. Now fear of high inflation and even hyperinflation has replaced euphoria. We knew it all along, but the rest of the market is starting to wake up. And just like the lie that, “You can keep your insurance if you’re happy with it,” isn’t working out too well, neither will this one.
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