In today’s Big Picture, Jim Puplava explains the tidal forces of inflation and deflation, and how that relates to the “reflation trade” that started after Trump won office. Jim discusses the impact of oil prices, stimulus, the yield curve, the Fed’s plan to contract its balance sheet, and a possible slowdown in the US and wider global economy. Then, PFS Group’s Rob Bernard explains the investment strategy behind floating rate bonds before the second part of today’s podcast on the five forces driving down oil prices, why the big boys are moving into shale, and the possibility of a further OPEC cut to stabilize the market.
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