We need to hear more hawkish tones from Jackson Hole, notes William Lee. He forecasts U.S. inflation. He talks about how bond markets are pricing higher long-term rates, and long-term inflation expectations are rising. He discusses how the recent "un-inverting" of yield curve is due to rise in long-term rates. He suggests that much of this increase is due to the rise in the term premium. The term premiums are rising due to continued unsustainable rise of U.S. fiscal spending/debt. Tune in to find out more about the stock market today.
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