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Bullishness Approaching Mania | Peter Atwater on Market Psychology And “The Confidence Map”
Forward Guidance
The Post Great Financial Crisis Era of Ultra Low Interest Rates and Low Inflation
The post great financial crisis era of ultra low interest rates and low inflation really exacerbated wealth inequality, economic inequality, K-shapedness that you were just referring to. For those at the top, higher interest rates are largely a benefit. But it is a real impediment to those at the bottom. So I wish that wage gains would get ahead of inflation, but that's never gonna happen.
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