Here's your summary from Trump Win Could Lead to Stagflation, Says JPM's David Kelly (https://www.youtube.com/watch?v=CrWzCbAIiiM) on the Bloomberg Television channel:

### TLDR:

A Trump win in the upcoming election could potentially lead to stagflation, according to JPM's David Kelly.

### Key Points:

1. Consumer spending is expected to grow more slowly, but the economy is still stable.

2. A Republican sweep in November could result in higher tariffs and potential policy shocks.

3. Long-term bond outlook may be more bearish due to potential tax cuts and increased debt levels.

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