Worry less about rice snacks, worry more about whether you have money, the debts you owe, and repaying with your own printed money; what's the point of inflation and bankruptcy.
茄哥币冨 Crypto Live Host
--
U.S. Stagnation, but all ‘bullets’ fired!
Eighty percent of the world's top fund managers have issued a shocking warning, believing that the U.S. will experience economic stagnation in the coming year, or even worse—a return to the 1970s-style 'stagflation,' where stagnation coexists with high inflation.
This conclusion comes from the latest fund manager survey published by Bank of America Securities. This monthly survey covers top pension and institutional investment managers globally, and the results show that about 70% of respondents expect stagflation, while another 10% believe there will be simply economic stagnation.
These findings are particularly noteworthy, as U.S. stocks are repeatedly hitting new highs, closely following the massive budget stimulus plan introduced by Trump. This plan will add an additional $500 billion to the federal deficit each year. Bank of America surveyed a total of 175 institutional investment heads and asset allocation leaders, managing a total of $434 billion in assets.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.