Stocks Beat Cash Even If You Could Time a Recession
The S&P 500 has proved to be remarkably resilient in the six months before downturns.
The Hottest New Trade Is the Most Boring
Once regarded as a place to park cash in a crisis, money-market funds now yield more than 4.5%.
Inflation Is Thriving in Our Era’s Lack of Trust
We can’t squeeze each other with rising profit margins or demands for increased wages forever and expect prices to come down.
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