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Klaus Schwab: Fed Chairman Powell has no intention of being written about in history books as blowing up the American dream. He says he's getting tough on inflation and raising it to what? Two and a quarter percent, maybe to three and a quarter at the next meeting. The National Bureau of Economic Research came out with a report not too long ago saying that the 9.1% inflation that was listed in July of this year would have been 16.5% if calculated like they did in 1980. Schulder: What is so unusual about the environment we find ourselves in? Stocks, fives, and real estate at all time highs areversely correlated to interest rates.
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