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Startling statement reveals far worse danger than just a recession.

Eurodollar University

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The Fedhikes Rates Again in Less Than a Month

The PPI, we're into deflationary territory already. This was actually the second decline in a row after revisions. The prospects for outright deflation in producer prices have gone way up because it's about demand falling off,. It's not Phillips curves stuff, just the other side of the supply shock. And if the Fedhikes rates again in less than a month, we're talking in an RRP of about 5%.

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