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Economic Torture Incoming With David Stockman

Lead-Lag Live

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The Inflation Isn't What Drives Discussions by Policymakers

The inflation rate ran about 2% when you measure it what I think you should, which is the 15%. Where we stand today is with a running embedded inflation rate three times higher than where it had been during that long stretch of time. That is a real challenge because 6% plus inflation just wipes out savings and wages in a very short period of time if it's called out to persist.

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