Heading into the next recession, the United States will…

Heading into the next recession, the United States will be running at least 5 to 7 percent annual budget deficits, with social welfare spending al-ready 20 percent higher than the twenty-year average. Fighting infla-tion with Federal Reserve rate hikes and then juicing inflation with much higher deficit spending during COVID-19 likely built the foundation for a much higher normalized rate of inflation going forward, relative to previous decades.

— from Takeoff Into Chaos · How to Listen When the Markets Speak: Risks, Myths, and Investment Opportunites in a Radic

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