Phil Suttle on the Inflation Combustion Model, the Fed’s Errors, and US Housing
Macro Hive Conversations With Bilal Hafeez
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The Globalization of the Financial System, and the Importance of Local Labor
Mabe: What happened in the run of the g f c was that we, in effect, had this globalized financial system. He says covid has done something sme to the labor market and interms of labor stock. Mabe: We didn't build many houses around the world for ten years. And one third of houses for sale in this country are new homes. But there's just such a shortage of old houses that you coudn't have to produce new ones.
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