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The Importance of Understanding Japan
I think that everything I've ever said on your podcast and in my writing, and I'm about, I told you so kind of guy, because I get a lot of things wrong. And if I were wrong, I would have said so. The carts are universally look the same, that there was this spike higher in the cost of producing goods and services. So now, velocity is raised, it's ugly head again, where it's collapsed. Loan demand has collapsed. Core goods inflation is negative. But why should it have stopped? That five trillion that was added, it has not gone anywhere. We shut down the world from the production of goods and services, and then we opened