Bloomberg with the headline
Not sure what venue PJT is speaking at ... says inflation is about to appear with a vengeance
Added - PJT speaking with Bloomberg:
- No mention of targets or inflation sources
- Higher inflation will send bond yields even higher ... pose an even greater risk to equities
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If PJT is correct and it does you can expect the pace of rate hikes to increase ... that should comfort the stock markets .... not.
Grimace or smile?
