| Dear Reader, The main portion of the SIC ended with a day of lively discussions about Fed and fiscal policies and their influence on the markets. Mark Yusko of Morgan Creek Capital Management used his rapid-fire, slide-packed presentation style to reveal potential “surprises” for 2021. He said the US government and Fed used COVID as an excuse to introduce MMT, but all the money printing is not leading to a rise in interest rates, so we will get deflation. Yusko thinks stocks—particularly the FANGs—will blow up because the Fed pumped them up with stimulus money: “Ultimately, volatility is rising like a tightly coiled spring. When it goes down, FANGs will bite.” All the SIC presentations, panels, and fireside chats are available on video and audio now. And don’t miss SIC Plus Day on May 18, where our analysts and guests disclose their favorite stocks to invest in now. Bill White, senior fellow at the Toronto-based C.D. Howe Institute and former chief economist at the “bankers’ bank,” the Bank for International Settlements, criticized economic models for ignoring inequality. In his fireside chat with Danielle DiMartino Booth, CEO and chief strategist for Quill Intelligence, White warned that trying to solve the problem through easy monetary policy only makes it worse and leads to public distrust in fiscal authorities and the Fed. He is convinced that economists don’t realize they’re dealing with a “complex, adaptive system,” which means “things like inflation can’t be easily understood and controlled.” To find out why he compares the economy to COVID patients with co-morbidities and what he thinks the Fed should do, get your SIC Pass now. Other highlights from Day 5 you will see: Howard Marks and John Mauldin: Value vs. growth investing... how changing tax policies will affect investors... and why we could be at the end of a very long cycle instead of the beginning of a new one. Richard Fisher and Danielle DiMartino Booth: A deep dive into the psychology of the Fed... why the Fed chairman is not the most powerful person at the table (and who is)... and why Fisher regrets to this day having helped China become a member of the WTO. Final Panel with Richard Fisher, Bill White, John Mauldin, Felix Zulauf, and David Bahnsen: Monetary policy—what we have to look forward to and what the likely consequences will be... what to do instead of “fighting the Fed”... and which countries you should be bullish on now. Sign up now—for a few more days, you can still claim your 50% discount—and watch the live SIC Plus Day with analysts Stephen McBride, Jared Dillian, Chris Wood and Jake Weber, plus guest Steve Blumenthal. Best, Mauldin Economics P.S. Don’t worry about being late to the game. The entire SIC 2021—the biggest and most spectacular one we’ve ever hosted—is available on video and audio, and full transcripts and presenters’ slides are being prepared right now. Sign up now to enjoy expert insights fresh from the SIC. | 