#10 - A steeper curve to create a recession - Guest: Bob Elliot
Macro Mondays
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The Impact of Cyclic Trends on Inflation in Europe
Shelter costs tend to be lagging. And therefore, if you go in up or down really fast, that tends to pin to where you were coming from. The likelihood of European inflation printing below 2% is much higher than it is in the US. That's my takeaway.
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