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Unusual Whales Pod #9: CPI, Macro, the Federal Reserve, and Inflation

Unusual Whales

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Is There a Demand Push Economy?

In the 60s and 70s, something that people don't understand is we had a demand push economy. Inflation was high and real terms outpaced over a longer period. The market went nowhere 68 to 82 14 years in nominal terms and plus 70% of its value in real terms. We are going to be in earnings recession for the foreseeable future.

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