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Green Book September 2020

Keep Safe

We’ll cut to the chase. Seemingly unlimited money growth won’t cure all of the world’s ills, though it seems to have at least temporarily cured the ills of any U.S. stock index with significant exposure to Growth and Technology. Naturally, the Fed hopes that the inflationary flames it’s fanned in the financial markets will eventually trigger a bit of “heat” in consumer prices—which is happening in many cases.


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