MacroVoices #383 Juliette Declercq: Update on Immaculate Disinflation Thesis
Macro Voices
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The Most Expected Recession of All Time
Eric Liu: Monetary tightening has done the opposite of what central banks wanted. It's lifted rather than constrained demand and created an economic sweet spot, he says. The unpleasant part will start when wage growth catches down to stabilizing inflation expectations - Liu. He expects US rates are likely to hit 6%.
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