Premium: Investing’s dilemma – deflation v inflation; temporary or permanent

Traditionalists believe inflation in the US (and hence the world) has become endemic and will overturn the investment thesis of the past three decades.
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There are diametrically opposite schools in the investment world right now. On the one hand are traditionalists who believe inflation in the US (and hence the world) has become endemic and will overturn the investment thesis of the past three decades. Their ascendancy in recent weeks has hit tech stocks hard.

Countering them are a group which argues the US's current 39-year inflation high is a temporary phenomenon wrought by Covid-19's impact on the global supply chain. They believe as this works its way out, deflationary pressures caused by tech-driven efficiencies, will return. Helping the exponential stocks regain lost ground.

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