Albert Lu, the managing director and chief portfolio manager of WB Advisors, said “the present low-interest rate environment is a result of central bank policy, not natural economic conditions.” Read more
“Oil is an input cost to almost everything. There’s no way any country can escape,” managing director of WB Wealth Management Albert Lu said in a phone interview.
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Some experts think the U.S. economy will recover if left to its own devices, however, without targeted tax cuts or other governmental maneuvers. “Natural market forces will reverse the slump if allowed to proceed uninhibited,” Lu told TheDC.
In a nutshell, Lu says tension in the Middle East may contribute to rising prices, but “the primary cause of the steady increase is monetary inflation — central banks creating new money.”