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  • The US Dollar has lost -23% of its purchasing power since 2020.

    In other words, if your assets are up +30% since 2020, you have effectively just broken even in real terms. Inflation has now been above the Fed's 2% target for 60-straight months, and the bond market knows this. Own assets or be left behind.

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    The US Dollar has lost -23% of its purchasing power since 2020.