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Recession Cancelled: Crypto Summer Is Here | Weekly Round-up

Supply Shock

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The Importance of Inflation

To me, devaluation is different than inflation. Inflation is when prices rise because demand exceeds supply. By the end of this year, we'll be back to deflation. We've already seen it with the commodities and now we're going to see it in services. So I just don't believe there's ever been any inflation. Because there was a step function change in global supply and demand by this authoritarian lockdown nonsense.

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