Melt-up before melt-down? | Markets

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Roger Blitz, the FT's currencies correspondent, and Luca Paolini, chief strategist at Pictet, discuss how the US 'misery index' (unemployment rate + inflation) has fallen below 6 per cent for the first time since 1998, suggesting we are one to two years away from a major peak

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(Source: Financial Times (via YouTube))