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#56: Joseph Wang On How The Fed Forever Altered The Investing Landscape
Superinvestors and the Art of Worldly Wisdom
The Three Things That Signal a Regime Change
There's a fundamental change in the US fiscal culture, he says. The supply side is very clear that we're heading into a world where we have fewer working aged adults,. And geopolitically unstable countries like China and Eastern Europe are creating problems for Western economies. So you combine with demand from fiscal spending, with reduced supply from demographics and geopolitics I think you get a regime change in how growth and inflation will work in the coming years.
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