Manufacturing is as cyclical a business as there is, and it’s about to take off, driven by two vastly misunderstood factors:
- An uptick in inflation, and
- A big jump in stimulus spending
What most people don’t get is that these two trends are inextricably linked. And sitting right where they meet is a closed-end fund (CEF) trading for 88 cents on the dollar and just waiting to pay us a fat 5.3% dividend.
Let’s start by taking these trends one at a time.
Inflation: Likely Not as Hot as Most People Think
Let me start by saying that the breathless media coverage of inflation is focused entirely on how it will crimp stock market returns.… Read more