MacroVoices #353 Luke Gromen: The Fed Is Headed For Difficult Decisions
Macro Voices
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The US Fiscal Position Is in Deep Trouble Without That Inflationary Regime
The US fiscal position is in deep trouble without that inflation. To the extent that inflation comes down, tax receipts are going to come down. The Fed is ultimately going to have to finance this one way or another. It's getting harder and harder for shale to grow production. Peak cheap energy, we're seeing this all over.
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