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Transamerica CIO on Stagflation, Recessionary Fears, and Navigating this Unique Environment

"The last time inflation was this high, Diet Coke was not yet in the supermarkets and telephone answering machines were considered cutting edge technology," says Transamerica CIO Tom Wald, CFA. In his midyear outlook, he weighs in on skyrocketing inflation, recession risks, interest rates, and why he is somewhat optimistic about stocks.