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UBS lays out how a 2nd-wave coronavirus lockdown could lead to a devastating situation for stocks - one Wall Street has been warning about for months

1 month ago   |   By Business Insider

UBS strategist Bhanu Baweja warns of a potential stock-market tail risk that involves an inflationary spike resulting from the coronavirus pandemic.
Baweja cites historical evidence from the post-WWII period, which featured a similar confluence of "supply shortages, solid income growth, high fiscal debt levels."
He also argues that a second wave of lockdowns would make an inflationary supply shock even more pronounced.
Prior to the COVID-19 outbreak, a slew of renowned investment firms were already warning about the potentially dangerous and often overlooked prospect of inflation.
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