January 01, 1970
The report addresses the implications of last week’s bad inflation report, frames the debate on whether the U.S. economy is overheating due to excess demand or plagued by deficient supply, and explains why the Fed is making a risky two-way gamble on policy.
The report also compares and contrasts current financial conditions in the U.S. with the environment of the late 1990s, pointing out various investment opportunities and risks.