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The Big Bond Outlook

Raoul Pal: Real Vision

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Is the CPI Going to Continue to Fall?

I'm worried that we're looking at the stickiness of wages and not looking at it as a percentage of what could have been total wages. There are enough components of the CPI that are volatile, even if wages are sticky, that can pull you down. So I don't think there's any reason yet to say to yourself, Oh, I don'tThink we're on a 2% inflation path in the next couple years. I wouldn't go there.

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