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MarketsInsider/Jennifer Sor/10-25-2022
“‘This is a trilemma. It’s not just growth versus inflation. It’s growth, inflation, and financial stability. And somehow, the Fed has to find its way through this,’ he said.”
USAGOLD note: El-Erian’s trilemma speaks to the need for gold within the well-constructed investment portfolio. No matter which way the Fed turns, it presents major problems for the economy and investors.
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