This week, families and friends all over America will be sitting down together to celebrate Thanksgiving. In many homes, there is a tradition of going around the table, with each person saying what they are thankful for. In most homes, I suppose, the answers will be genuine, sometimes funny and sometimes profound. However, if at any table, prosperity is mentioned as a blessing, it should be recognized that this is, in large measure, due to low inflation.
November 29, 2021
JP Morgan Asset Management
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