Inflation changes have a six to twelve month lag so it's not the worst way to bet as the ills from the spending won't hit until after inauguration (so even if Trump wins he'd get the blame).

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Totally agree. They want the inflation to be sprung up and a huge issue during his 4 year term. To do this you would cut rates when he starts so the effects can be seen through his presidency. Seems totally planned around the elections