Do You Think We're Going to Have a Secular Inflation Model?

Dariuszewski: Everything that you're telling me is just reconfirming my greatest fears. It sounds like we're headed toward a worse than 19 seventies secular stagflation, where we see continued commodity price inflation, which auses a recession. Congress is out to lunch, and has been out to lunch as a function of this,. But in my opinion, going back to the call we made in early november of last year to get out of hybeta risk assets, they're out to lunch because inflate is a big issue too.