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Why Economic Wars Are Inflationary

The Breakdown

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Low Inflation World - The Risks to the Peakhawkishness View

Sultan: The low inflation world stood on three pillars. First, cheap immigrant labor, keeping service sector wages stagnant in the us. Second, cheap goods china, raising living standards amid stagnant wages. Third, cheap russian gas powering german industry and the eu. All this has worked for decades until nativism, protectionism and geo politics destabilize the low inflation world. Sultan's goal is to highlight risks to this peak hawkishness view.

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