Bernstein: It Is “Incredibly Unlikely” That Pension Funds Can Produce 7% Annual Returns On Domestic AssetsMark Melin
Bernstein’s Inigo Fraser Jenkins has a message for the Trump administration. With tax cuts and potentially fiscal stimulus priming the economic pump and blowing a hole in the budget in the process, there will be a day of reckoning. The message is simple: “Son, your ego is writing checks your body can't cash.” This was also the title of his March 2 piece on where key markets could be heading as a result of such . . .
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