Overly loose fiscal and monetary policy during Covid-19 was a "mistake," according to the chief investment officer of asset management firm Antipodes Partners. Jacob Mitchell told CNBC's "Street Signs Europe" Friday he expects to see a flip back to central banks "loosening policy aggressively" within 12 to 18 months to deal with the recessions set to hit most major economies. "It's mathematically certain that inflation has to fall.
" Mitchell said he believed the headwind for growth stocks from the normalization of real rates had likely passed, and shared some of the "resilient growth businesses" he was picking to navigate the tougher economic environment. They include a cluster of enterprise resource planning, or ERP, software names such as Oracle and SAP . "They are much earlier in their adoption of, let's call it transition to the cloud, versus companies like Salesforce , the front office.
Just in time for democrats to say “look what I did” before the election
Ahhh yes, CNBC. Keep using your viewers as exit liquidity for the world overlords. Great job following orders.
Venezuela the US isn't far behind. $500 toilet paper coming to a Wal-Mart near you. Next QE and we're toast.
Then wait 16 months
Fed pivot hopes never die
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