What to do in times like these? Part two:
If we don't see a recession across most of the developed world later this year, I would be extremely surprised. So, what can investors do about it?
Setting aside the recent inversion in the yield curve, where the yield on short-term 2-year US Treasury bonds rose above the yield on long-term 10-year bonds, traditionally considered a sure sign of imminent recession, there is common sense.
How can there not be a recession? Costs are rising must faster than wages. Interest rates are rising. Costs will continue to rise later this year as grain shortages begin to be felt.
History also shows that…
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