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The Great Distortion... <br>...And How It Will End

by Dhaval Joshi, Chief Strategist  

Today's dangerous distortion does not result from credit excesses. It results from an irrational mispricing of risk caused by a protracted period of ultra-loose monetary policy. In turn, the ultra-loose monetary policy results from the dangerous dogma of the 2% inflation target. How should investors position short-term and long-term?

BCA Research | European Investment Strategy

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