Wow this was a great read. Thanks.

What I took away. Interest rates hikes are not efficient now because inflation is not coming from the private sector but the public sector because of larger debt burdens and larger deficits. The authors are not alarmist but say that inflation will only go up for the next decade. Treasuries not a great investment. Own hard assets.

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💯 that’s what I took from the article as well. Basically things are not going to get better in the short to medium without real reform that we know isn’t going to happen. Definitely own hard assets.