Growth Stocks Are Your Best Defense Against Rising Inflation
In hisDaily Market Notes report to investors, while commenting on growth stocks, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more StagflationI mentioned on Fox Business this morning that thanks to stagflation — persistent high inflation combined with high unemployment and stagnant demand — we are now dangerously close to a recession because the Atlanta Fed has slashed its third-quarter GDP estimate to an annual pace of 0.5%. Maria Bartiromo wisely pointed out that not too long ago the Atlanta Fed was estimating 6% annual GDP growth. There is no doubt that that decelerati...