“I didn’t have time to write a short letter report, so I wrote a long one instead.”
Perry Capital is positioned for slower growth and higher inflation into the Summer. The economy continues to be supported by above-trend consumer spending from asset owners and way-above-trend increases in government spending. The Fed, or the Treasury Department, does not need to stimulate the economy, but it may do so to bolster the present administration’s re-election.
“I didn’t have time to write a short letter report, so I wrote a long one instead.” Read More »