US employment is at 4.6% officially, wages starting to rise, Trumps agenda to spend up to 1 trillion directly in the US economy in infrastructure going forward and the feds signal of 3 rate hikes in 2017... i think it is difficult to imagine stagflation in 2017... if he does get isolationist in trade, that will stunt global growth but more than offset by the stimulus he is going to inject within
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