MacroVoices #298 Jeff Snider: I agree with Janet Yellen and Jay Powell
Macro Voices
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What's the Difference Between Inflation and Other Non Economic Factors?
Before 19 55, the bond market sniffed out inflation before it ever showed up. Bond yields were starting to rise years before the actual grate inflation start. So if there's a non economic reason behind consumer prices, then i expect some secular trend to continue for ten years.
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