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3min chapter
Ram Ahluwalia Predicts MORE Bank Failures
Bankless
The Fed's Base Case Prediction for Hyperinflation
The last time unemployment was at 3.4%, it was a harbinger of elevated inflation in the 70s. A lot is going to turn on what does Jay Powell do? Does he blink and lower rates, which is what markets expect him to do? Or does he hold the course and become a Paul Volcker and cause a recession? So we have to assess and reassess.
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