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Will Earnings Reports Portend Recession?

The Breakdown

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The End of 2% Inflation and Cryptocurrency

For Tokyo's pension and life insurance companies, the hedging costs are effectively too steep. Emerging markets are also down 300 billion in Treasury buying this year. It seems unlikely that both monetary policymakers and elected lawmakers will join forces to unleash fiscal austerity it would actually take to bring inflation under 2%. Unless we're dealt a tech miracle, higher inflation target or bankruptcy are the only ways out of this situation.

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