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4min chapter
The Great Resignation Continues, J&J’s Two-Way Split, and Friend of Pivot, Blake Scholl
Pivot
The Bifercated Economy, Demand Isn't Slowing
The last time inflation was this high, the early nineties, inf you had your fed funds rate above five %. When es are this high and demand starts to fall away, then businesses will stop raising their prices. We might not like higher prices, but we're paying them. The wealthier people that aren't really impacted by inflation, even though they don't like it, because they're paying more, everyone has to pay more. It's sort of ha perfect storm.
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