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Reuters/Gavin Jones/7-11-2021
“At times when inflation has significantly accelerated in the past, such as in the 1960s, markets have lagged rather than anticipated developments.” – Lawrence Summers, former Treasury Secretary
USAGOLD note: In short, don’t look to the markets for a clue as to where we are headed next. At the moment, investors have bought into the transitory theme, but that can change, as well know, in a heartbeat.
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