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Inflation isn’t going anywhere, and higher rates could spark a 12% downturn for stocks in the coming year, veteran strategist says

Tatomm/iStock, Tyler Le/BI Inflation and higher interest rates aren’t going away, veteran strategist Bill Blain says. Blain, the principal of Wind Shift Capital, thinks global inflation is entrenched and rates can’t come down much more. Higher rates could crush speculative investments, driving a 12% decline in stocks, he said. Households …

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