Two Inflationary Tail Risks for U.S. Investors

by Mike ‘Mish’ Shedlock
The Street

Lacy Hunt at Hoisington Management has two potential sources of inflation on his mind.

Third Quarter Outlook

Please consider the Hoisington Quarterly Review and Outlook for the third quarter of 2020.

Lacy Hunt starts off with conditions central banks must meet to stimulate the economy.

Four Conditions

1. The Fed must be able to control the monetary base by increasing its liabilities

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