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READ TRANSCRIPT AT WWW.PETERNAVARRO.SUBSTACK.COM
PRESERVE YOUR WEALTH, PROTECT YOUR JOB
As loyal readers know, for the last month, I’ve seen risk more to the downside than up in the stock market based on the ongoing battle between two opposing forces:
On the faux bullish side, we have a profligate, Biden-induced Keynesian over-stimulus driving artificial growth in the US economy while hurtling us towards a fiscal cliff.
On the real bearish side, we have a Biden-induced bearish inflation driving up interest and mortgage rates and choking off both capital investment and activity in interest-sensitive sectors like housing.
To understand these two opposing forces is to understand it is only a matter of time before the bears maul the bulls.
By InTrumpTimePress4.8
852852 ratings
READ TRANSCRIPT AT WWW.PETERNAVARRO.SUBSTACK.COM
PRESERVE YOUR WEALTH, PROTECT YOUR JOB
As loyal readers know, for the last month, I’ve seen risk more to the downside than up in the stock market based on the ongoing battle between two opposing forces:
On the faux bullish side, we have a profligate, Biden-induced Keynesian over-stimulus driving artificial growth in the US economy while hurtling us towards a fiscal cliff.
On the real bearish side, we have a Biden-induced bearish inflation driving up interest and mortgage rates and choking off both capital investment and activity in interest-sensitive sectors like housing.
To understand these two opposing forces is to understand it is only a matter of time before the bears maul the bulls.

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